Home News Russia-Ukraine crisis

SGX RegCo suspends trading of Gazprom's GDR

The Edge Singapore
The Edge Singapore3/7/2022 08:25 AM GMT+08  • 2 min read
SGX RegCo suspends trading of Gazprom's GDR
Gazprom's GDR was listed on the Singapore stock exchange in 2014
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The SGX RegCo has suspended the trading of Gazprom’s GDR quoted on the Singapore Exchange, following Singapore’s sanctions on some Russian entities owned or controlled by its government.

Gas producer Gazprom was at one point one of the world’s most valuable companies. It was listed on the Singapore stock exchange in 2014, supposedly to tap better access to Asian investors following a multibillion-dollar gas supply deal with China.

As announced by the Ministry of Foreign Affairs on March 5, Singapore has put in place prohibitions against entering into transactions or arrangements, or providing financial services that facilitate fund raising by entities owned or controlled by the Russian government.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.