On February 28, 2022, the Singapore Foreign Minister announced in Parliament that Singapore intends to impose “appropriate sanctions and restrictions” on Russia, acting in concert with like-minded countries. Singapore intends to impose export controls on items that can be used directly as weapons in Ukraine to inflict harm, and it will also block certain Russian banks and financial transactions connected to Russia. The specific measures are being worked out and will be announced shortly. Singapore’s…
The United Nations (Sanctions – Iran) Regulations 2014 (“Sanctions”) was enacted and took effect on 29 September 2014. The United Nations (Sanctions – Iran) Regulations 2007 (“2007 Sanctions”) have been correspondingly revoked. The Sanctions build on the existing sanctions detailed in the 2007 Sanctions and provide for additional prohibitions and duties pursuant to United Nations Security Council (UNSC) Resolutions 1747 (2007), 1803 (2008), and 1929 (2010) (“Resolutions”). The Sanctions also accord wider powers to…