Russian airlines - new sanctions from the UK

As announced by the UK Government, new sanctions are being prepared against Russia. Airlines are now targeted, in new measure preventing Aeroflot, Ural Airlines and Rossiya Airlines to cash in landing slots revenue.

Foreign Secretary Liz Truss commented on the sanctions:

“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.”

Transport Secretary and President of the International Transport Forum Grant Shapps added:

“The UK was one of the first nations to implement sanctions on Putin and his allies; we forbade entrance to their ships and planes, strangling them of the privilege to benefit from global trade and commerce.

Today, the UK Government has built on the strong action we have already taken against Russia’s flagship carrier Aeroflot, along with Rossiya and Ural Airlines. This means they will be unable to use their expensive landing slots at UK airports. Our actions will also prevent Russia from selling the slots, and cashing in on up to £50 million.”

The latest round of UK sanctions along with international sanctions are meant to impact Putin and Russia’s war against Ukraine by affecting the Russian economy heading for recession.

Despite a stable rouble, Russia’s GDP has decreased by 15% this year, while economy is further expected to go down by 2.3% in 2023.

 

 

source: gov.uk