{"id":1387246,"date":"2022-03-17T17:03:52","date_gmt":"2022-03-17T21:03:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1387246"},"modified":"2022-03-17T20:14:51","modified_gmt":"2022-03-18T00:14:51","slug":"united-arab-emirates-seeks-cooperation-with-russia-on-energy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/united-arab-emirates-seeks-cooperation-with-russia-on-energy\/","title":{"rendered":"United Arab Emirates Seeks Cooperation with Russia on Energy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Funited-arab-emirates-seeks-cooperation-with-russia-on-energy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1387246&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\"><span>United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed al Nahyan said during a visit to Moscow on Thursday that his government looks forward to working with Russia \u2013 an outlaw state in the eyes of the U.S. and Europe \u2013 on \u201cimproving global energy security.\u201d<\/span><\/p>\n<p><span>\u201cIt is important to maintain the stability of energy and food markets,\u201d Sheikh Abdullah said.<\/span><\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p><span>\u201cSecuring the global food supply is considered necessary as there are a lot of countries in the world either in our region or abroad that largely depend on the import or export of grain and other basic food supplies around the world,\u201d he <\/span><a href=\"https:\/\/www.thenationalnews.com\/world\/europe\/2022\/03\/17\/uae-foreign-minister-in-moscow-says-ukraine-war-needs-diplomatic-resolution\/\"><span>elaborated<\/span><\/a><span>.<\/span><\/p>\n<p><span>\u201cWe welcome all mediation efforts in the Ukraine crisis,\u201d he stated. \u201cThe UAE is ready to engage with the parties to strengthen opportunities for a peaceful resolution.\u201d<\/span><\/p>\n<p><span>\u201cWe look forward to developing relations between the UAE and Russia and diversifying the areas of interdependence between our citizens, institutions and our governments,\u201d he said.<\/span><\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p><span>Appearing at a press conference with Sheikh Abdullah after the two had a meeting in Moscow, Russian Foreign Minister Sergey Lavrov thanked the UAE for its \u201cbalanced stance on the Ukraine crisis.\u201d<\/span><\/p>\n<p><a href=\"https:\/\/english.alarabiya.net\/News\/gulf\/2022\/03\/17\/UAE-keen-to-cooperate-with-Russia-on-energy-security-UAE-FM\"><span>Reuters<\/span><\/a><span> noted the UAE had made some tangible efforts to support Russia, which is a member of the \u201cOPEC+\u201d alliance of oil-producing nations. Along with fellow OPEC heavyweight Saudi Arabia, the UAE refused pleas from the Biden administration to increase production and push oil prices down, citing production limits set by OPEC+.\u00a0<\/span><\/p>\n<p><span>The UAE also abstained from the U.N. Security Council vote to <\/span><a href=\"https:\/\/www.theguardian.com\/world\/2022\/mar\/02\/united-nations-russia-ukraine-vote\"><span>condemn<\/span><\/a><span> Russia\u2019s invasion of Ukraine, which passed overwhelmingly despite 35 abstentions and five votes against it. The resolution was then vetoed by the president of the Security Council, which is currently Russia.<\/span><\/p>\n<p><span>Sheikh Abdullah had a <\/span><a href=\"https:\/\/www.state.gov\/secretary-blinkens-call-with-the-united-arab-emirates-foreign-minister-sheikh-abdullah-bin-zayed-2\/\"><span>phone call<\/span><\/a><span> with U.S. Secretary of State Antony Blinken last Tuesday, with the war in Ukraine as one of the major topics. If Blinken tried to get the UAE to distance itself from Russia or denounce the invasion, he was evidently unsuccessful.<\/span><\/p>\n<p><span>The <\/span><a href=\"https:\/\/www.nytimes.com\/2022\/03\/09\/us\/russian-oligarchs-sanctions-dubai.html\"><i><span>New York Times<\/span><\/i><\/a><span>\u00a0last week reported on fears among Western policymakers that the UAE could help Russian oligarchs evade punitive sanctions. Dozens of members of Russian leader Vladimir Putin\u2019s inner circle own luxury properties in Dubai, collectively valued at over $314 million \u2013 and at least six of those Russian billionaires are already under U.S. or European Union sanctions.<\/span><\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p><span>\u201cThe Emirati stance is exposing tensions between the United States and several of its closest Arab allies over their reluctance to oppose the Russian invasion,\u201d the <\/span><i><span>Times\u00a0<\/span><\/i><span>noted.\u00a0<\/span><\/p>\n<p><span>\u201cAsked for solidarity in a moment of crisis, the United Arab Emirates, Saudi Arabia and Egypt have instead prioritized relations with Moscow \u2013 the Emirates and Saudi Arabia by rebuffing American pleas for increased oil supplies to soothe energy markets, Egypt by muffling criticism of the invasion while proceeding with a $25 billion loan from Russia to finance a nuclear power plant,\u201d the report said.<\/span><\/p>\n<p><a href=\"https:\/\/www.aljazeera.com\/news\/2022\/3\/14\/analysis-can-the-uae-be-a-safe-haven-for-russian-oligarchs\"><span>Al Jazeera News<\/span><\/a><span> speculated on Monday the Biden White House will give the Emiratis considerable leeway to skirt Russia sanctions because it desperately needs Emirati help with keeping oil prices under control. The question will be if the White House\u2019s focus on the Russian invasion comes to outweigh all other concerns.<\/span><\/p>\n<p><span>A possible sign the West might be ready to start playing harder ball with the Emiratis was the decision by the Financial Action Task Force (FATF), an anti-money-laundering organization founded by the Group of Seven (G7) nations, to add the UAE to its global watch \u201cgray list\u201d in early March. The move essentially threatens the UAE with closer supervision unless its government does more to crack down on money laundering and terrorism financing. If the FATF is not satisfied with the UAE\u2019s progress, it could be bumped to the far more restrictive \u201cblack list.\u201d<\/span><\/p>\n<p><span>Gray listing is no small matter, as Al Jazeera noted when the FATF announced its decision: it could put the UAE at a competitive disadvantage against Saudi Arabia, add significant compliance costs to doing business with UAE entities, and inflict what the International Monetary Fund (IMF) characterizes as \u201ca large and statistically significant reduction in capital inflows.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed al Nahyan said during a visit to Moscow on Thursday that his government looks forward to working with Russia \u2013<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1387246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1387246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1387246"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1387246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1387246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1387246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1387246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}