Contents tagged with UAE
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UAE banks begin blocking payments made by Russian companies for electronics bought in China
In August, banks in the United Arab Emirates (UAE) began blocking payments for electronic components and consumer electronics purchased by Russian companies, according to a report published on Wednesday, August 28 by the Russian business daily Kommersant.
The payments are reportedly blocked even in cases where the goods do not enter the UAE.
"Russian organizations have been using UAE-based companies as intermediaries to transfer funds for electronics to China, with the goods directly shipped …
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UAE banks restrict transactions with Russia amid sanctions risk
United Arab Emirates banks have restricted transactions with Russia and begun closing both corporate and personal accounts due to the risk of secondary sanctions, reports the Russian news outlet Vedomosti, citing Russian businessmen active in the UAE and representatives from the 'Business Russia' association.
Tax and legal consultants have confirmed this trend, the Russian government is reportedly aware of it, although the Russian officials consider it minor and solvable.
"At the moment, UAE …
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Ukraine signs $3 billion worth of contracts with United Arab Emirates
The Ukrainian delegation signed $3 billion worth of memorandums and contracts with the United Arab Emirates, reported the press service of the Ukrainian President.
Among them are memorandums of understanding between the State Property Fund of Ukraine and Mubadala Investment Fund. They are aimed at deepening cooperation in investment projects and the participation of the Emirati side in the program of privatization of state property in Ukraine.
The Ukrainian Ministry of Digital Transformation …
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Russia signs agreements with UAE for $1.4 billion
During a meeting with business representatives of Russia and the United Arab Emirates (UAE), Russian President Vladimir Putin said that during his visit to UAE, Moscow and Abu Dhabi signed agreements for a total amount of $1.4 billion.
According to Putin, agreements involve a variety of projects, including projects in the field of digital technologies, telecommunications, logistics, transport, finances, banking, and energy.
The Russian President noted that the trade between Russia and the UAE …
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French Air Force to begin air patrols over Baltic in 2020
Chief of Staff of the French Air Force Philippe Lavigne in an interview with an American magazine Aviation Week & Space Technology said that the French Air Force will begin air patrols over the Baltic countries next year.
"As a part of NATO's plan to assure [our allies] of the support, we plan to help with a task of patrolling the Baltic region in 2020. We plan to deploy Mirage fighter jets in Estonia, as well as to conduct flights of aircraft of distant radar-tracking detection and management, …
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Russia and Iran prepare for joint military exercises in the Strait of Hormuz
Russia and Iran are getting ready for joint military exercises in the Strait of Hormuz, one of the world’s key oil “arteries” through which tankers from Middle Eastern countries, including Saudi Arabia, the UAE and Kuwait, carry 20 million barrels of oil each day.
Within the next few months, Iran and Russia will hold joint naval exercises in the strait, Iranian Navy Commander Rear Admiral Hossein Khanzadi told IRNA on Monday.
He explained that for this reason, Russian ships will be arriving …
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United Arab Emirates buys Russian Kornet and Pantsir missile systems
The United Arab Emirates has signed a contract with Russia for the purchase of Kornet-E anti-tank missile systems and Pantsir anti-aircraft missile systems, UAE Brigadier General Mohammed Hassaini stated at the international exhibition of weapons and military equipment IDEX in Abu Dhabi.
“The cost of the contract amounted to 146.92 million dirhams ($ 39.7 million) and more than 45 million dirhams ($ 12.1 million) for Kornet-E and Pantsir, respectively,” TASS quoted the general as saying. He …
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Media: Plane sent to Russia with Venezuelan gold returned with a billion dollars for Maduro
The Russian plane, which flew to Caracas and back, returned with a billion dollars for the dictator Nicolas Maduro. Novaya Gazeta reported with a reference to its sources that the gold reserves which the plane flew out of Venezuela were sold.
Novaya Gazeta reported that the “empty” plane, which flew to Caracas on January 29, in fact carried two crew teams. It first landed in Dubai (UAE) and then flew to the Venezuelan capital after landing in Morocco and Cape Verde.
It was reported that the …
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Russia and UAE to create fifth generation fighter together
Russia will begin to develop a fifth generation fighter together with the United Arab Emirates, RIA Novosti reported, citing Rostec head Sergey Chemezov.
"Work will begin, probably, in the next year. It’s a complex project, I think the plane will be created in seven or eight years, not earlier," he said.
Chemezov added that the project is likely to be created on the basis of the Russian MiG-29.
Russia's plans to create a fifth-generation MiG fighter was first reported at the end of January.