• About
  • Coincu
  • Hot topics
  • Random
Sunday, February 5, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home News

Sanctions against Russian banks and cryptocurrency transactions have been imposed by Singapore

March 5, 2022
in News
376
90
SHARES
3k
VIEWS
Share on Facebook

CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023

Singapore will implement unilateral sanctions against Russia, marking the first time in decades that the city-state has sanctioned a foreign country without the support of the United Nations Security Council, according to a former diplomat.

Sanctions against Russian banks and cryptocurrency transactions have been imposed by Singapore
 Vivian Balakrishnan


According to a statement released by the Ministry of Foreign Affairs on Saturday, sanctions include export controls on items that could be used as weapons, targeted financial measures against designated Russian banks, and restrictions on cryptocurrency transactions that could be used to circumvent financial sanctions.

“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” the ministry said in the statement.

The measures also ban Singapore’s financial institutions from providing services that would aid Russia’s government in raising new funds.

According to an email from the Ministry of Trade and Industry, the island nation’s goods trade with Russia was roughly S$5 billion (US$3.7 billion) in 2021, with imports from Moscow and Kyiv accounting for 0.8% of total imports to the city state.

Singapore sovereign wealth fund, GIC, on Saturday said it will cease investments of the government’s funds into newly-issued Russian sovereign and central bank debt.

Sanctions against Russian banks and cryptocurrency transactions have been imposed by Singapore
GIC

“GIC continues to assess the Russian-Ukrainian situation and will ensure compliance with all applicable laws and regulations,” a GIC spokesperson said in an email.

Foreign Minister Vivian Balakrishnan told parliament on February 28 that Russia’s show of force threatens a world order that “would be profoundly inimical to the security and survival of small states.” Singapore rarely imposes sanctions on other countries without binding UN Security Council approval.


Singapore’s largest banks have already imposed restrictions on trade finance for Russian raw commodities, including a ban on providing US dollars for oil and liquefied natural gas trades. In the meanwhile, due to operational concerns, Singapore Airlines has halted all return flights to Moscow.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Russian Cryptocurrency Exchanges Are Being Blocked By Ukraine's Financial Watchdog

Bank of Russia May Legalize Cryptocurrencies For Cross-border Payments

My 6 Year Crypto Journey To Becoming A Day Trader

Dapper Labs Freezes Money In Wallets Connected To Russia Following EU Sanctions

Use Web3 Primitives To Explore The Web3 Growth Space Of Users

Russia Approves The Use Of Crypto For Cross-border Payments

Tags: # CryptocurrenciesRussian bankssingapore
Previous Post

The Russia Invasion of Ukraine Has Resulted In An Increase in Trading Activity On Cryptocurrency Exchanges.

Next Post

Binance Labs Makes Strategic Investment in AlwaysGeeky Games for Enhanced Blockchain Free-To-Play Tactical RPG Game

Other Posts

Illuvium (ILV) Surges By More Than 30% This Week Amid A Flurry Of New Upgrades
NFTs News

Illuvium (ILV) Surges By More Than 30% This Week Amid A Flurry Of New Upgrades

February 4, 2023
CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News
News

CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

February 4, 2023
Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023
News

Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023

February 4, 2023
Genesis Global Bankruptcy Court Announcing 7 Members Committee To Represent Creditors
News

Genesis Global Bankruptcy Court Announcing 7 Members Committee To Represent Creditors

February 4, 2023
Protocol Labs Lays Off 89 Staffs In Latest Round Of Job Cuts
News

Protocol Labs Lays Off 89 Staffs In Latest Round Of Job Cuts

February 4, 2023
Google Invests $300 Million In Anthropic – An AI Business
News

Google Invests $300 Million In Anthropic – An AI Business

February 4, 2023
Next Post
Binance Labs Makes Strategic Investment in AlwaysGeeky Games for Enhanced Blockchain Free-To-Play Tactical RPG Game

Binance Labs Makes Strategic Investment in AlwaysGeeky Games for Enhanced Blockchain Free-To-Play Tactical RPG Game

  • Stronghold Digital Mining Posts Prospectus For Share Sale While It Works To Conserve Money

    Stronghold Digital Mining Posts Prospectus For Share Sale While It Works To Conserve Money

    141 shares
    Share 56 Tweet 35
  • Terra Classic Adopts New Proposal To “Re-Peg USTC With LUNC,” USTC Soars 30%

    120 shares
    Share 48 Tweet 30
  • Solana DeFi Everlend Finance Terminates Its App Due To Lack Of Money

    142 shares
    Share 57 Tweet 36
  • ImmutableX Announcing Watch To Earn (W2E) As Its Whale Holdings IMX Tokens Gains 58%

    99 shares
    Share 40 Tweet 25
  • Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

    95 shares
    Share 38 Tweet 24
Illuvium (ILV) Surges By More Than 30% This Week Amid A Flurry Of New Upgrades

Illuvium (ILV) Surges By More Than 30% This Week Amid A Flurry Of New Upgrades

February 4, 2023
Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

February 4, 2023
Gearbox Protocol Establishes The Gearbox Foundation To Promote Development

Gearbox Protocol Establishes The Gearbox Foundation To Promote Development

February 4, 2023
CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

February 4, 2023
Aave Records 106 Transactions Worth $100,000 While LRC Network Surge In January

Aave Records 106 Transactions Worth $100,000 While LRC Network Surge In January

February 4, 2023
Delphi Labs To Launch Passive Concentrated Liquidity For AMM

Delphi Labs To Launch Passive Concentrated Liquidity For AMM

February 4, 2023
Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023

Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023

February 4, 2023
Many Things Make zkSync 2.0 Welcomed By the Community

Many Things Make zkSync 2.0 Welcomed By the Community

February 4, 2023
Genesis Global Bankruptcy Court Announcing 7 Members Committee To Represent Creditors

Genesis Global Bankruptcy Court Announcing 7 Members Committee To Represent Creditors

February 4, 2023
Mantle Network: The New High-performance, Modular Ethereum Layer 2 Network

Mantle Network: The New High-performance, Modular Ethereum Layer 2 Network

February 4, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • LuxWorld
  • CryptoLinks

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video
  • Live Prices

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In