Russian airlines surviving sanctions

Restrictions targeting the country’s aviation sector have largely failed, the agency claims Sanctions against Russian aviation have led to mixed results but have failed to cause the significant pain to the sector that was expected by Western countries, Bloomberg reported on Wednesday, citing industry analysts. The Ukraine-related sanctions forced two of the world’s largest aircraft manufacturers, Boeing and Airbus, to stop doing business in Russia. Meanwhile, over 40% of the aircraft operating in Russia were owned by foreign lessors that demanded their property back shortly after the restrictions were introduced.

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