Global Trade Alert
Global Trade Alert

Singapore: Introduction of several trade restrictive measures to sanction Russia in the context of the attack on Ukraine

Announcement

05 Mar 2022

In March 2022, the government of Singapore introduced several trade restrictive measures to sanction Russia in the context of the attack on Ukraine.

Source

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Mar 2022

Revocation date:

No revocation date

Updated: 05 Mar 2022
Controls on credit operations In force

On 5 March 2022, the Ministry of Foreign Affairs Singapore announced the prohibition of financial institutions to provide financing or financial services in relation to the export from Singapo...

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Updated: 05 Mar 2022
Controls on credit operations In force

On 5 March 2022, the Ministry of Foreign Affairs Singapore banned financial institutions from entering into transactions or providing financial services to the following sectors in t...

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Updated: 05 Mar 2022
Controls on commercial transactions and investment instruments In force

On 5 March 2022, the Ministry of Foreign Affairs Singapore announced prohibited entities entering into transactions or establishing business relationships with the following Russian banks...

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Updated: 05 Mar 2022
Export ban In force

On 5 March 2022, the Ministry of Foreign Affairs Singapore banned exports of the following products to Russia:

  • military equipment;
  • electronics;
  • computers;
  • <...
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