KONTAN.CO.ID - SINGAPORE. Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and export controls on items that could be used as weapons against the people of Ukraine. The tiny city-state, an Asian financial centre and key international shipping hub, complies with United Nations Security Council resolutions but rarely issues sanctions of its own against countries. "Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia," Foreign Minister Vivian Balakrishnan told parliament, describing Russia's invasion as unacceptable and a gross violation of international norms.
Singapore to Impose Sanctions on Russia, Including Bank Transactions
KONTAN.CO.ID - SINGAPORE. Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and export controls on items that could be used as weapons against the people of Ukraine. The tiny city-state, an Asian financial centre and key international shipping hub, complies with United Nations Security Council resolutions but rarely issues sanctions of its own against countries. "Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia," Foreign Minister Vivian Balakrishnan told parliament, describing Russia's invasion as unacceptable and a gross violation of international norms.