Campaigners and politicians are calling for the United Arab Emirates to be blacklisted over its failures to combat the flow of “dirty money” and to enforce sanctions imposed on Russian oligarchs.
The Gulf state has emerged as a key refuge for the Russian super-rich fleeing the impact of global sanctions, with private jets and superyachts linked to oligarchs heading to the UAE after the invasion of Ukraine.
Bill Browder, the financier and critic of Vladimir Putin’s regime, said: “Dubai has long been a safe place for dirty money. It should now be put on financial blacklists and its leaders shouldn’t be welcome here.”
He said secondary sanctions should be imposed on the UAE unless it provided assistance to countries pursuing the oligarchs’ assets. » | Jon Ungoed-Thomas | Saturday, June 11, 2022
