SINGAPORE (THE BUSINESS TIMES) – Russia-based Don Agro acknowledged that its exterior sanctions counsel has confirmed that the group, together with its related firms, doesn’t have actions which are prohibited transactions below sanctions arising from Russia invasion of Ukraine.
In its extra assertion it furnished to allay the considerations of the Singapore Exchange, the agricultural firm stated on Sunday (March 13) that no member of the group and none of its substantial shareholders, administrators or govt officers are being sanctioned by Singapore, the United States, Britain, the United Nations, the European Union and Australia.
Also, neither its administrators nor its shareholders and key officers are appearing on the course of Russia, its authorities or the Russian central financial institution.
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Don Agro engages within the cultivation of agricultural crops and manufacturing of uncooked milk in Russia.
The firm additionally stated there is no such thing as a enterprise or different relationship ongoing with any sanctioned entities, sanctioned people or the Russian authorities that may possible give rise to findings of sanctions violations by Singapore and different jurisdictions talked about earlier.
The Catalist-listed counter closed flat at 30.5 cents final Friday.
