Singapore to impose crypto sanctions on Russia over its military invasion of Ukraine.
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world.For the first time in decades, as acknowledged by a former diplomat, Singapore isanother nation without approval from the United Nations Security Council.
In an announcement published Saturday, the department detailed that the measures include the introduction of export controls on items that can be used for military purposes as well as restrictions on doing business with selected Russian banks — VTB Bank, Vnesheconombank, Promsvyazbank, and Bank Rossiya — and non-bank entities. Their assets and funds in Singapore shall be frozen.
Furthermore, certain crypto flows may also be affected as the ministry revealed it was prohibiting payment service providers operating with digital assets, including NFTs, from facilitating transactions that could be used toThe move comes after Singapore’s Foreign Minister Vivian Balakrishnan told the parliament on the last day of February that Russia’s show of force threatens a world order that “would be profoundly inimical to the security and survival of small states,” the publication notes.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Russia Blocks Facebook, Retaliating for Meta’s Restrictions on State-Controlled MediaRussia’s media regulator announced that it was blocking access to the Facebook network in the country, claiming parent company Meta’s restrictions on Kremlin-affiliated media accounts v…
Leer más »
Column: All should boycott events in Russia or involve Russian athletesFIFA and IOC need to get on board
Leer más »
Shell continues to buy Russian oil after vowing to stop Russia investments'Yesterday we made the difficult decision to purchase a cargo of Russian crude oil,' Shell tweeted.
Leer más »
Russia-Ukraine live updates: Russian forces allegedly fail to observe cease-fireUKRAINE-RUSSIA LATEST: 🔷 Blinken says visit to Poland comes at 'one of the most urgent moments' 🔷 Russia's indiscriminate bombing of Ukraine will increase: U.S. official 🔷 Over 1.3 million refugees have fled Ukraine: UNHCR
Leer más »
Russian-Ukraine war: Ukraine tries to evacuate city under weeklong Russia attackA similar ceasefire collapsed Saturday, trapping women, children and older under more shelling and aerial bombardment by Russian forces.
Leer más »
Russia-Ukraine live updates: Russian forces seize 2nd nuclear power plantUKRAINE-RUSSIA LATEST: 🔷 Zelenskyy alleges Russia is planning to stage 'fake rally' in Kherson 🔷 Over 1.2 million refugees have fled Ukraine: UNHCR 🔷 Russia has prepared puppet government for Kyiv: U.S. official
Leer más »