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Investment firms in Singapore not significantly impacted by sanctions on Russia
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While Russia has not attracted much local investment action in recent years, investors could be hit if sanctions indirectly affect European firms.
ST PHOTO: LIM YAOHUI
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SINGAPORE - The sanctions imposed on Russia have not had a major impact on investment companies here, given their limited exposure to the country, but they have still advised investors to play it safe and diversify their portfolios.
While Russia has not attracted much local investment action in recent years, investors could be hit if sanctions indirectly affect European firms, which figure far more prominently in portfolios.
