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Singapore sanctions on Russia unlikely to hurt firms here, but crisis still poses challenges
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Russian military vehicles in Crimea on Feb 24, after Russian President Vladimir Putin announced a military operation in Ukraine.
PHOTO: REUTERS
SINGAPORE - Singapore's sanctions on Russia are unlikely to have a significant impact on businesses here, but the Ukraine crisis as a whole may pose challenges to firms that are still grappling with the impact of the Covid-19 pandemic, said observers.
Foreign Minister Vivian Balakrishnan told Parliament on Monday (Feb 28) that the Republic will impose export controls on items that can be used directly as weapons in Ukraine to inflict harm or to subjugate the Ukrainians.
