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Middle East, Sanctions

Wealthy Russians flock to the UAE as EU, UK and US toughen sanctions amid Ukraine invasion

By Elizabeth Hearst for AMLi

Wealthy Russians have flocked to the United Arab Emirates to purchase property and register businesses, following a wave of harsh sanctions imposed by the EU, UK and the US. 

It’s reported that affluent Russians have scrambled to invest in the UAE in the wake of Russia’s invasion of Ukraine, with numerous sources reporting Russian citizens are keen to secure residence in the Gulf. 

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