UAE and Russia Launch New Economic Partnership
The Services and Investment Trade Agreement between the United Arab Emirates and Russia has come into effect, strengthening the economic partnership between the two countries and opening up broader opportunities for cooperation in high-growth sectors of services and investments. The agreement focuses on expanding the service export market, protecting investors, facilitating market entry, and easing the movement of skilled professionals. It comes within the context of enhancing trade relations, as non-oil trade between the UAE and Russia in 2025 increased by 77.7% to $20.4 billion. The agreement aims to support sustainable growth and develop a clearer and more stable business environment for both sides.
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