Established in late 2010, the Russian Business Council, which is registered with the Dubai Chamber of Commerce and Industry, comprises of representatives from 22 companies of Russian origin with operations in the UAE.

Russian Business Council was registered with Dubai Chamber with the objective to help business communities of the UAE and Russia to establish stronger trade ties and contribute to the economic development of both countries.

Emirates NBD Private Banking chief investment officer Gary Dugan said that the UAE has been attracting significant interest from Russian investors in recent months, and the establishment of the Russian Business Council will further drive this bilateral relationship.

"Emirates NBD Private Banking is pleased to be named the official banking partner of the council and we look forward to providing the members with our regional expertise and bespoke advisory services," Dugan said.