Singapore Sanctions Russia
Singapore sanctions Russia in support of stopping the war in Ukraine. “We will impose export controls on items that can be directly used as weapons to inflict harm on or to subjugate the Ukrainians, as well as items that can contribute to offensive cyber operations,” according to the Singapore Foreign Minister.
Singapore Customs will reject all permit applications to Russia involving all items listed as military goods, electronics, computers, and “Telecommunications and Information Security.”
All financial institutions in Singapore will be prohibited from pursuing transactions or establishing business relations with major Russian financial institutions including VTB Bank, VEB.RF, Promsvyazbank, and Bank Rossiya.
Singapore will prohibit transactions or the facilitation of fundraising for the Russian government and Central Bank of Russia or any entity owned by them.
Singapore will prohibit providing financial services in the separatist regions of Donetsk and Luhansk in the transport, telecommunication, and energy sector.
Digital payment token service providers are prohibited from facilitating any transactions “that could help to circumvent these financial measures.”
Switzerland
Switzerland has also adopted EU sanctions after staying neutral. “The export of all dual-use items to Russia is now prohibited, regardless of their end-use or end-user. In addition, the export of goods that could contribute to Russia’s military and technological enhancement or the development of the defense and security sector is prohibited,” the government said, adding that “it is also prohibited to provide technical assistance, brokering services or financing.”
Putin has called for the removal of the sanctions. “We have no bad intentions, there is no need to escalate the situation, impose restrictions, we fulfill all obligations,” he said. “If someone does not want to cooperate with us within the framework of single cooperation, and by doing so harms themselves, they will, of course, harm us too,” Putin added.
“We will just have to move some projects a little to the right, to acquire additional competencies. But we will still solve the problems that we face” he said. “In the end, we will even benefit from this because we will acquire additional competencies.”