Singapore firms in Ukraine urged to be cautious with $280m of investment at stake

A member of the Ukrainian armed forces standing guard at a combat position near Horlivka in the Donetsk region, Ukraine, on Feb 3, 2022. PHOTO: REUTERS
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SINGAPORE - Singapore-based companies with commercial operations and personnel based in Ukraine are being advised to take a more cautious approach going forward as the stand-off between Russia and Western nations reaches boiling point, said the Singapore Business Federation (SBF).

According to the Ukraine embassy here, investments by Singapore companies in the country are valued at around $280 million.

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