Dubai's second largest bank imposes sanctions against ₚozziyan

 Dubai's second largest bank imposes sanctions against ₚozziyan

Customers of ENBD bank have started receiving letters warning that their assets will be transferred to a separate segregated account unless they are residents of the EU, the European Economic Area or Switzerland, Forbes reports.

The bank points out that this account will receive all payments on securities and proceeds from their sale, transferring them to their bank account in ENBD ₚozzian customer will not be possible.  The bank has explained the restrictions by EU directives. There will be no exemptions for Russians with UAE resident status.