Ukraine invasion
Singapore banks halt lending for Russian energy trades: report
Singapore banks halt lending for Russian energy trades: report
DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.
Singapore to block certain Russian banks, financial transactions
The government is also donating US$100,000 for Ukranians’ humanitarian needs.
Uncertainties arising from Ukraine invasion threaten Asian banks’ asset quality: analysts
Impact on the financial market will ultimately depend on how events will unfold in the coming days.
Thought Leadership Centre
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