CBUAE clarifies on sanctions imposed on Russia’s MTS Bank

The UAE central bank had granted a license to Russia’s MTS Bank

Last updated: February 24, 2023 | 20:34

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MTS Bank is part of Russian telecom firm Mobile TeleSystems.

WAM

Dubai: The Central Bank of the UAE (CBUAE) reviewed the issued statement regarding the new sanctions package on the Russian Federation, including sanctions imposed on MTS bank, state news agency WAM reported on Friday. The UAE central bank had earlier granted a license to Russia’s MTS Bank, according to the regulator’s website.

CBUAE clarifies on sanctions imposed on Russia’s MTS Bank

The Central Bank emphasised the following: