Sanctions They are not against Russia Every year, the head of the head of the Dubai shopping center will come to the end, the Financial Times writes.
“Sanctions will strengthen the economy, but don’t stop them,” said Hamad Buamim, the head of the Dubai shopping center, Wired. The free trade zone of the UAE is home to over 24,000 businesses. “Trade continues to flow, it’s just flowing in a different way,” he said in an interview with the Financial Times.
Dubai is taking advantage of the US and European attempts to isolate the Russian economy. In fact, oil traders moved from Geneva to the UAE after Switzerland accepted sanctions imposed against Moscow.
According to Buamim, energy is the most important sector for DMCC, parts of the zone are registered close to 3,000 energy companies .
However, in the rest of the month, the United Arab Emirates, along with other countries, will be under the pressure of the United States, the European Union and Great Britain, which is trying to make moves against companies that trade with Russia.
>" The fact that the economy is not controlled exclusively by one side of the world makes sanctions less effective, Buamim said. “If we take into account the war in Ukraine, then [sanctions] are effective if you are surprised at the end, but they are not very effective beyond your borders.”
Vin adding: “We don’t see much great in them There will be no shortage of tools for creating anything. The stench is simply complicating trade and spreading throughout the whole world.”
Prepared by: Nina Petrovich