Elizabeth Teo


On 7 March, the Singapore Exchange (“SGX”) suspended the admission to trading of PJSC Gazprom’s global depository receipts due to sanctions imposed on Russia by the Singapore Government. Gazprom is a Russian oil and gas company in which the Russian government has a controlling interest (including both direct and indirect ownership) of more than 50 per cent. This suspension comes after the Singapore Government announced details of its financial measures and export control sanction measures…