Changi Airports Int'l reveals subsidiary's Russian stake

The subsidiary has a 30% stake in a Russian airport holding company.

Changi Airports International (CAI), a wholly-owned subsidiary of Changi Airport Group (CAG), announced it has a 30% equity stake in Transport AMD-2 Limited (TAMD2), a holding company in Russia that wholly owns Sochi International Airport, Krasnodar International Airport, and Anapa International Airport.

Following the announcement by the Singapore government of sanctions against Russia on 5 March, Russia has named Singapore on a list of countries and territories with transactions needing approval by a Russian government commission. This would include any transactions that CAI might become a party to in relation to its Russian investments.

CAG and its subsidiaries said they will comply with legal and regulatory obligations, including sanctions, applicable to them. The group is monitoring the situation closely and assessing the impact of these developments on its investments in Russia.

TAMD2 also holds an indirect stake in Vladivostok Airport.

Follow the link for more news on

Changi Airport Group

Russia-Ukraine crisis

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia