Russians managed to withdraw a portion of the blocked securities from a bank in Dubai

Clients of one of the largest banks in the UAE, who faced asset freezes due to European sanctions, were able to withdraw a portion of them.
A number of Russian investors have managed to unlock a portion of their assets held in investment accounts at Emirates NBD (the second largest bank in the UAE). This includes securities of American issuers and a portion of the funds deposited in investment accounts at ENBD. However, access to European securities and payments related to them (such as coupons, dividends, and repayments) remains restricted.

Tamrin Darbakov, a junior associate at UPPERCASE LEGAL, confirmed that several clients were able to unlock funds in their investment accounts by obtaining licenses from European regulators.
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