Thursday, 19 May 2022

UK sanctions Russian airlines to prevent landing slot sale

Russian airlines will not be able to sell lucrative landing slots at major UK airports under new sanctions introduced by the UK government.

State-owned Aeroflot, Russia’s largest airline, Ural Airlines and Rossiya Airlines will now be prevented from cashing in their unused slots estimated to be worth £50 million.

The UK, along with international partners, placed sanctions on the chief executive of Aeroflot Mikhail Igorevich Poluboyarinov in March. Aeroflot is subject to an asset freeze.

UK airspace is already closed to Russian aircraft under current sanctions. The export of aviation goods and technology to Russia has also been banned.

UK, RUSSIA, AIRLINES, AEROFLOT

Foreign Secretary Liz Truss said: “As long as Putin continues his barbarous assault on Ukraine, we will continue to target the Russian economy. We’ve already closed our airspace to Russian airlines. Today we’re making sure they can’t cash in their lucrative landing slots at our airports. Every economic sanction reinforces our clear message to Putin — we will not stop until Ukraine prevails.”

Read More : https://www.thenationalnews.com/world/uk-news/2022/05/19/uk-sanctions-russian-airlines-to-prevent-landing-slot-sale/

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