The Russian government announced its resignation after the inauguration of Russian President Vladimir Putin on May 7. The relevant decree was signed by Prime Minister Mikhail Mishustin.
Banks in the United Arab Emirates (UAE) have restricted their dealings with Russia and started closing both personal and business accounts due to the risk of coming under secondary sanctions. Source: Vedomosti, a Kremlin-aligned Russian news outlet, with reference to businessmen working in the UAE and a representative of the Delovaya Rossiya association Details: The trend was also confirmed by tax and legal advisers.