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    World

    Bloomberg: UAE agrees to limit EU goods re-export to Russia

    Bloomberg: UAE agrees to limit EU goods re-export to Russia

    The United Arab Emirates (UAE) has reportedly agreed to limit the re-exports from the European Union (EU) to Russia of critical goods with potential military applications in the ongoing conflict in Ukraine. Bloomberg, citing insider sources, reported this diplomatic move, signaling a victory for Ukraine's allies in curbing the flow of military-related items to Russia.

    Photo: UAE
    Source: Nations Online Project

    According to sources, the European Commission communicated this decision to EU member states during the current week. Türkiye is reportedly contemplating a similar measure in line with the diplomatic efforts to address the crisis.

    "These measures will impact direct re-exports and represent a triumph for Ukraine’s allies, aiming to impede the channeling of military goods to Russia," notes the agency.

    A UAE official, speaking to Bloomberg, highlighted the country's commitment to restricting the export and re-export of dual-use goods to conflict zones. The UAE maintains an export control framework designed to monitor and control the movement of such goods.

    The move comes after reports in September from The Wall Street Journal, indicating that representatives from the United States, the United Kingdom, and the European Union were planning to visit the UAE. The objective of the visit was to persuade UAE authorities to halt the supply of dual-use goods to Russia, particularly items like computer chips and electronic components.

    Bloomberg underscores the European Union's recent intensification of efforts to prevent the circumvention of its trade sanctions. In June, the EU, as part of its 11th package of sanctions against Russia, announced the establishment of a phased mechanism of restrictions against "third countries" facilitating Russia in bypassing sanctions on specific goods. Such sanctions would be implemented if restrictions against individuals prove ineffective, and collaboration with a "third country" fails to yield the "expected results."

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    11.11.2023, 10:28   Comments (0)   1399
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