The list covers countries and territories with preferential tax regimes or limited disclosure requirements for financial transactions.

Russia’s Ministry of Finance has proposed removing the UAE from its Special List of jurisdictions considered offshore zones for the period 2024 to 2026.

The list covers countries and territories with preferential tax regimes or limited disclosure requirements for financial transactions.

The draft order, which amends Order No. 35n of 28 March 2024, is currently open for public discussion and has completed an independent anti-corruption assessment. It will next undergo review by the Ministry of Justice before being finalised.

The revision is part of Russia’s ongoing efforts to strengthen its regulatory framework on financial transparency and tax compliance.