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Sunday, September 25, 2022

UK sanctions Russian airlines to prevent them selling landing slots

EconomyUK sanctions Russian airlines to prevent them selling landing slots

London (The Times Groupe)- The British government today announced new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling unused landing slots at British airports.

The UK’s government estimated the landing slots were worth £50 million.

“We closed our airspace to Russian airlines earlier this year, so today we’re making sure they can’t take advantage of our lucrative landing slots,” British Foreign Secretary Liz Truss said in a statement.

“Each economic sanction reinforces our clear message to Russian President Vladimir Putin that we won’t stop until Ukraine prevails.”

The UK said Aeroflot, Russia’s biggest airline and majority owned by the Russian state, provided services to the Russian government and generated revenue for the Kremlin. It has already sanctioned its chief executive.

Aeroflot owns Rossiya Airlines, while Ural Airlines is privately owned. Their assets have now been frozen.

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