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EU Sanctions Second Singapore Firm Over Alleged Links to Russia's Military Efforts
The Straits Times
|March 05, 2025
A second company based in Singapore has been sanctioned by the European Union over its alleged links to Russia's invasion of Ukraine.
Splendent Technologies, which is headquartered in Singapore and has a presence in Hong Kong, is described as a wholesale dealer of electronic components.
In a report in February, the EU listed dozens of firms it sanctioned after accusing them of being part of Russia's military and industrial complex.
According to the report, the firms have commercial links to or are supporting Moscow's defence and security sector by contributing towards Russia's military and technological enhancement.
Splendent Technologies says on its website that it had suspended quotations and business with Russia due to sanctions by the White House against the Kremlin.
The EU has imposed a range of sanctions against Russia since the invasion of Ukraine in February 2022.
They include economic and individual sanctions, as well as visa and diplomatic measures that EU members have to adhere to.
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