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Wednesday 6 September 2023 - 03:02
Report: Western Allies to Warn UAE over Trade with Russia
Story Code : 1080193
The report said the Western officials are worried about the increasing transit of goods from the West to Russia via the UAE.
One of the key concerns, it added, is the re-export of dual-use technologies like semiconductors and integrated circuits, which have both civilian and military applications
Asked for comment, a UAE official said the country “is continuously monitoring the export of dual-use products” under its export control legal framework.
The US banned the export of sensitive technologies to Russia after its military operation in Ukraine in February 2022.
American officials, however, say the UAE continued to send US-export controlled goods, including “semiconductor devices, some of which can be used on the battlefield” to Moscow.
The Washington-based Free Russia Foundation lists the UAE, along with Turkey, Cyprus and China, as the countries that have “dramatically expanded” exports to Russia.
UAE Trade Minister Thani bin Ahmed al-Zeyoudi vowed last December to push commercial ties with Moscow “to even greater heights”.
The UAE exported approximately $144 million worth of critical components for Russian Unmanned Aerial Vehicles [UAVs] in the first five months of 2023, the Ukraine-based Kiev School of Economics said.
In February, Russia’s Industry and Trade Minister Denis Manturov said bilateral trade with the UAE had increased 68 percent year-over-year to $9 billion in 2022.
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