Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with Maxim Oreshkin, Deputy Head of the Presidential Administration of Russia, during an official visit to the UAE. The discussions focused on deepening financial cooperation and exploring broader collaboration under the BRICS framework and the New Development Bank.
UAE Strengthening Bilateral Financial Ties
Oreshkin led a delegation that included representatives from the Presidential Executive Office, the Russian Ministry of Finance, and the Central Bank of Russia. The talks aimed to enhance financial sector efficiency and create joint initiatives that drive innovation and sustainability.
Al Hussaini emphasized the UAE’s commitment to fostering global financial partnerships and exchanging expertise in financial systems. He stated, “These meetings reflect the UAE’s dedication to deepening financial partnerships with international counterparts, fostering sustainable economic growth, and facilitating knowledge exchange in financial sectors.”
Expanding Cooperation in Global Financial Platforms
Both sides explored opportunities to enhance collaboration within BRICS and the New Development Bank, aiming to support financial stability and sustainable development. The UAE also continues to expand its role in international economic initiatives, leveraging its position as a global financial hub.
Al Hussaini added, “We look forward to expanding cooperation with Russia and sharing technical expertise to improve financial system efficiency while developing joint initiatives that support innovation and sustainability.”
The meeting underscores the growing economic ties between the UAE and Russia, reinforcing their shared commitment to financial cooperation and global economic progress.
