Due to the high cost of oil imports from Ukraine, Singapore will be 'significantly affected'

The impact of the Russia-Ukraine war on global supply chains and energy costs would be "Significant" over time, according to Singapore's government, underscoring the risks for the city-state, which is battling with rising inflation.

Global oil and gas prices have risen as a result of Russia's role as a major oil and gas supplier, and Singapore would be "significantly impacted" since it imports the majority....