Since the beginning of the full-scale war, the Republic of Singapore supports Ukraine and opposes violations of the principles of international law and the UN Charter. In response to the Russian invasion of a sovereign state, Singapore joined the sanctions against the Russian Federation and introduced its own restrictions against the aggressor country. The restrictive measures against Russia concern the banking and financial sector, export controls on goods that can be used as weapons against the people of Ukraine, as well as items that can be used in cyber operations. The authorities of Singapore, within the limits of the sanctions, have prohibited the conclusion of agreements with four Russian banks – VTB, VEB, “Promsvyazbank” and “Russia”, whose assets have been frozen by banking institutions of Singapore.

In addition, the mentioned country sent to Ukraine a package of humanitarian aid consisting of 9 medical vehicles, 2 fire engines, firefighting equipment, rescue equipment, mine detectors, medical supplies, etc.

The Red Cross of Singapore, in cooperation with the Embassy of Ukraine in the Republic of Singapore, sent a package of humanitarian aid to Ukrainians to meet the needs of the population of Ukraine in energy, clean drinking water and medical equipment. Also, “Asian Tiger” will build 10 modular houses designed by Singaporean architects in Ukraine. As part of the project, 6 generators will be purchased to supply 750 people with electricity every day. The Singapore side will pay the cost of diesel for their use for 6 months. Singapore will also contribute to the installation of heating points with backup power devices.

In addition, the Singapore Red Cross purchased medical equipment and materials, including an X-ray table, a shock wave physiotherapy machine and an expanded list of medical supplies for hospitals in Odesa, Kyiv and Uzhgorod. To help citizens who have limited access to medical services, a mobile medical dispensary was purchased, equipped with everything necessary for examination, medical assistance and surgical operations. The medical dispensary started working in the Mykolayiv region with the daily provision of primary medical care to 400 residents and internally displaced persons. In addition, 10 ambulances were purchased for the evacuation and transportation of patients to specialized medical institutions.

A special event was held in Singapore on the occasion of the Independence Day of Ukraine, during which numerous guests, members of the diplomatic corps, businessmen and friends demonstrated their support for Ukraine, got acquainted with Ukrainian fashion, art and cuisine. The funds collected at the event were directed to support Ukrainians who suffered from the war. In particular, the Singapore company Algorand Foundation donated $100,000 for humanitarian aid to Ukraine. 

The Singapore market is promising for Ukrainian food producers. The Republic is an important platform for entering the ASEAN market, which has a population of more than 630 million people. Singapore is a major “hub” for the sale and transportation of food and beverages.

In 2021, Singapore’s food imports amounted to $12.8 billion, including animal products – $2.9 billion, vegetable products – $4.1 billion, ready-made food products – $3.5 billion, and beverages – $2.6 million. The basis of imports Singapore consists of food products that are traditional for Ukrainian exports.

Ukraine has sufficient resources to fully meet the needs of the Singapore market, including the supply of honey, legumes, vegetables (tomatoes, cucumbers), chestnuts, cereals (wheat and corn), cereals (cereals), vegetable oil, animal feed, margarine, sugar, yeast, as well as make a significant contribution to the supply of – cheeses, poultry, chicken table eggs, starch, confectionery without content / with cocoa, juices (fruit and vegetable), ice cream, water and beer, tobacco products.

Today, the potential of Singapore’s food market for Ukrainian producers is more than $500 million per year.

Singapore remains an important trade partner of Dnipropetrovsk region. The level of partnership relations is evidenced by a two-way analysis of external activities. 

Singapore’s companies are most interested in ferrous metal products, edible fruits and nuts, optical devices and apparatus, etc. The volume of export of goods from Dnipropetrovsk region amounted to $170,000, which is 0.8% of the volume of the indicator of Ukraine.

6 enterprises of Dnipropetrovsk region exported their products to the Singapore market, these are enterprises of the metallurgical complex, food processing industry, and agro-industrial complex.

By volume of exported products, the TOP-5 exporting enterprises include the following:

In turn, 38 enterprises of the region’s importers mostly bought Singapore goods, namely: pharmaceutical products, machines and mechanisms, electrical machines, etc. The import of goods from Singapore to the Dnipropetrovsk region increased by 35% and amounted to $0.4 million. The share of the region in the import of Ukrainian goods from Singapore is about 1%.

The following importers entered the TOP-5 by the volume of imported products:

Import operations were mainly carried out by enterprises of the chemical and processing industry.

Source: information for the preparation of the article was taken from open online sources and the website of the Main Department of Statistics in Dnipropetrovsk region.