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Senior Minister of State Lee Yi Shyan's reply to Parliament Question on impact of annexation of Crimea by Russia on bilateral trade between Russia and Singapore

14 April 2014

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Question


Mr. Gan Thiam Poh: To ask the Minister for Trade and Industry whether bilateral trade between Singapore and Russia will be affected by the annexation of Crimea by Russia and, if so, how much the impact will be.



Oral Reply by Mr. Lee Yi Shyan, Senior Minister of State for Trade and Industry


In 2013, bilateral trade between Singapore and Russia accounted for 0.7 per cent of Singapore’s total trade with the world. It is still too early to tell if recent developments in the Crimean peninsula will affect trade between Russia and Singapore.


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