The Russian MTS Bank announced today, Friday, that it guarantees the funds of its current clients in the UAE for six months and that it will continue to meet all settlement obligations. The Central Bank of the UAE also announced today that it will revoke the license it granted last year to the bank, which is a financial technology unit of Mobile TeleSystems, the largest mobile network operator in Russia. The bank has been subjected to British and American sanctions since February.
Title: "MTS Bank Guarantees Client Funds in the UAE"
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