Russia — UAE Cooperation in the Energy Sector
... different platforms to expand cooperation with Russia, particularly by discussing the possibilities of its participation in the EAEU. Restrictive sanctions imposed on Russia by the United States, EU, and allies, as well as the unofficial “self-imposed sanctions” by Western companies and financial institutions force Russian companies, including those in energy, to consider the possibility of transferring their foreign representative offices to the UAE. This is facilitated by a favorable tax climate in the country, the availability of a developed infrastructure, and a system of services. Trading in shares of Russian energy companies is also moving to UAE trading platforms. The UAE and Russia are ...