Singapore firm, director blacklisted by US for links to Russian military-industrial complex

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SINGAPORE: The United States Treasury Department on Wednesday (Feb 1) blacklisted a Singapore trading company and its 65-year-old Singaporean director over their involvement in a Russian sanctions evasion network. 'Full blocking sanctions' were imposed against Ms Serena Ng Bee Lin and Asia Trading & Co

SINGAPORE: The United States Treasury Department on Wednesday blacklisted a Singapore trading company and its 65-year-old Singaporean director over their involvement in a Russian sanctions evasion network.

The Zimenkov network has"engaged in projects connected to Russian defence capabilities, including supplying a Russian company with high-technology devices" after Moscow invaded Ukraine on Feb 24 last year, said the US Treasury in a press release. The Singapore firm Asia Trading & Construction, established in 2014, was added to the Treasury's Specially Designated Nationals List for being owned or controlled by, or for having acted or purported to act for or on behalf of Rostec.

Source: News Formal (newsformal.com)

 

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