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UAE cancels licence for Russia's sanctioned MTS bank

Summary by Ground News
MTS Bank was placed under British and U.S. sanctions in February. Operations at the bank's UAE branch will be wound down within six months. The UAE, a member of the OPEC+ oil alliance that includes Russia, has maintained good ties with Moscow despite Western pressure.

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  • 45% of the sources lean Right
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Khaleej Times broke the news in Dubai, United Arab Emirates on Friday, March 31, 2023.
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