, Singapore

Changi Airport hit by Russia-related sanctions

The group will comply with both legal and regulatory obligations set by the Russian government. 

Changi Airports International (CAI), a subsidiary of Changi Airport Group, revealed their 30% equity stake in Transport AMD-2 Limited, a holding company based in Russia.

Following an announcement by the Singapore government regarding sanctions against Russia last 5 March 2022, Russia has named Singapore on a list of countries that would need approval by a Russian government commission for all corporate transactions. Falling under this are any transactions that CAI would take in regards to its Russian investments.

“The evolving Russia-Ukraine conflict and the global response to the same will potentially impact the underlying operations of the abovementioned Russian airports and their value,” explained the Group.

Currently, the group is monitoring the situation and assessing the impact of these developments on its Russian investments.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

DBS and OCBC expected to deliver steady Q1 net profits
Their net interest margins will ease as a result of their Hong Kong loans.
Singapore's maritime cluster navigates towards digital, green future
Adapting to emerging challenges, such as the adoption of alternative fuels, is deemed crucial for the country's maritime sector.
SCG and A*STAR unveil joint labs for cellular immunotherapy enhancement
The partnership has a funding of nearly $30m supported under Singapore's Research, Innovation and Enterprise 2025 plan.