More and more calls are being heard in the West to punish Dubai for what is claimed to be a refuge for "dirty money" from Russia. According to political activists and politicians in the West, Russian oligarchs who have been sanctioned in the West have transferred their property to Dubai, with authorities turning a blind eye.

Just a few weeks ago, the members of the European Parliament called in an open letter to impose sanctions on the United Arab Emirates because of this. The letter claims that Dubai allows money laundering "on a large scale".
 
Last March, the FATF International Task Force aimed at developing and promoting policies to combat money laundering and terrorist financing put the Emirates on the "gray" list about two months ago due to suspicions of money laundering by oligarchs.
 
The Emirates has a long history of money laundering and in the past there has been tension with the US administration over suspicions that it is turning a blind eye to Iran's money laundering in its territory.