How are sanctions against Russia impacting the aviation industry?

Legal experts Daniel Powell and Leigh Crestohl assess the ongoing impact of sanctions against Russia on the aviation industry including lessors, manufacturers and insurers

The sanctions imposed on Russia since the start of the war in Ukraine last year have caused significant disruption to the global aviation industry. Prior to the conflict, Russia was a fertile market in which to enter into lease agreements and partnerships. However, sanctions have now largely brought to a halt these aviation dealings with entities connected to Russia.

UK companies and individuals are prohibited from entering into transactions with Russia to supply aviation equipment, and partnerships with Russian airlines have also been banned. Monies and aviation equipment allocated for transactions between UK and Russian businesses prior to the conflict must therefore now be directed elsewhere.

Become a Premium Member to Read More

This is a premium article and requires an active Key.Aero subscription to view.

I’m an existing member, sign me in!

I don’t have a subscription…

Enjoy the following subscriber only benefits:

  • Unlimited access to all KeyAero content
  • Exclusive in-depth articles and analysis, videos, quizzes added daily
  • A fully searchable archive – boasting hundreds of thousands of pieces of quality aviation content
  • Access to read all our leading aviation magazines online - meaning you can enjoy the likes of FlyPast, Aeroplane Monthly, AirForces Monthly, Combat Aircraft, Aviation News, Airports of the World, PC Pilot and Airliner World - as soon as they leave the editor’s desk.
  • Access on any device- anywhere, anytime
  • Choose from our offers below