Bank of China's Singapore operation stops financing Russian oil trades- source

[SBFNews]

公司新闻(英文)
FEBRUARY 28, 202212:06 PMUPDATED 2 HOURS AGO

UPDATE 1-Bank of China's Singapore operation stops financing Russian oil trades- source​

By Reuters Staff
1 MIN READ


SINGAPORE, Feb 28 (Reuters) - Bank of China’s Singapore operation has stopped financing deals involving Russian oil and Russian companies, amid concerns of western sanctions following Russia’s invasion of Ukraine, said a source on Monday with knowledge of the matter.

Bank of China did not immediately comment.

Reuters reported last Thursday that major buyers of Russian oil were struggling to open letters of credit from Western banks to cover purchases or find ships willing to transport Russian oil.

European banks Societe Generale SA and Credit Suisse Group AG have halted the financing of commodities, Bloomberg News reported on Sunday.

(Reporting by Chen Aizhu; Additional reporting by Binbin Huang in Beijing; Editing by Kim Coghill)

 

[winners]

Can someone send this piece of information to Bloodymir Putin. He'll get so riled up with China that I'm very sure he'll call Winnie immediately for an explanation.

 

[tanwahtiu]

Can someone send this piece of information to Bloodymir Putin. He'll get so riled up with China that I'm very sure he'll call Winnie immediately for an explanation.

Putin will send blue camels to you... male camels to fuck your ass...

 

[blackmondy]

They stop using SWIFT but will carry on using the Europe version of SWIFT. Putin desperately signing long-term trade treaties with tiongcock during the Winter Olympics is basically a ploy to drag Winnie Xi into the war.

 

[tanwahtiu]

Can use bitcion transaction with current Web3.0...

 

[Patriotmissile]

Tokenism at play.

 

[winners]

Can use bitcion transaction with current Web3.0...

Bloodymir Putin will send you FuckCoins to stash into your ass. KNNBCCB BASTARD.

 

[winners]

If all these sanctions will and do eventually cripple the Russian's economy severely, then I think Winnie that bastard will think twice about invading Taiwan, at least for the next 3 to 5 years.

 

[winners]

Singapore to impose sanctions on Russia, including bank transactions.​

SINGAPORE, Feb 28 (Reuters) - Singapore will impose "appropriate sanctions and restrictions" on Russia, its foreign minister said on Monday, including banking and financial measures and export controls on items that could be used as weapons against the people of Ukraine.

The tiny city-state, an Asian financial centre and key international shipping hub, complies with United Nations Security Council resolutions but rarely issues sanctions of its own against countries.

"Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia," Foreign Minister Vivian Balakrishnan told parliament, describing Russia's invasion as unacceptable and a gross violation of international norms.

He said the sanctions were due to the "unprecedented gravity" of the situation and Russia's veto last week of a draft Security Council resolution.

"In particular, we will impose export controls on items that can be used directly as weapons in Ukraine to inflict harm or to subjugate the Ukrainians," he said.

"We will also block certain Russian banks and financial transactions connected to Russia," he added.

Balakrishnan said specific measures were being worked out and would be announced shortly.

Singapore's move is the first among its regional neighbours and comes independent of the Association of 10-member Southeast Asian Nations (ASEAN) of which it is a member.

The bloc on Saturday called for a de-escalation of the conflict and for dialogue and respect of international law and U.N. commitments.

https://www.reuters.com/world/asia-...ate-sanctions-restrictions-russia-2022-02-28/

 

[tanwahtiu]

All these are bullshit talk only won't implement...

There is no fighting between both sides only chaos are fake news and videos try to make money from toliktok and Utube...

 

[face the facts]

cheebye,
now putin may lob a warhead or 2 towards us