Russia — UAE Cooperation in the Energy Sector

... 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 ...