Singapore will impose financial measures targeted at designated Russian banks, entities and activities in Russia, as well as fundraising activities benefiting the Russian government, said Singapore’s Ministry of Foreign Affairs (MFA) on Saturday (Mar 5).
The Singapore Government will also 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, MFA added in a press statement.
The sanctions and restrictions against Russia come in response to its invasion of Ukraine, which started on Feb 24.
Earlier this week, Foreign Affairs Minister Vivian Balakrishnan said
Singapore will impose sanctions on Russia “in concert with other like-minded countries”, and cited the “unprecedented gravity” of the Russian invasion.
On Saturday, MFA said the invasion of Ukraine “contravenes” the United Nations Charter and is a “clear and gross violation of international law”.
“While we continue to value good relations with Russia and the Russian people, we cannot accept the Russian government’s violation of the sovereignty and territorial integrity of another sovereign state,” said the ministry.
“For a small state like Singapore, this is not a theoretical principle, but a dangerous precedent. This is why Singapore has strongly condemned Russia’s unprovoked attack on Ukraine.”