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UK sanctions Russian airlines to prevent them selling landing slots
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LONDON (Reuters) – Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports.
LONDON (Reuters) – Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports.
The British government said it estimated the landing slots were worth 50 million pounds ($61.9 million).
“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,” British Foreign Secretary Liz Truss said in a statement.
“Every economic sanction reinforces our clear message to (Russian President Vladimir) Putin – we will not stop until Ukraine prevails.”
Britain said Aeroflot, Russia’s biggest airline and majority owned by the Russian state, was providing services for the Russian government and generating revenue for the Kremlin. It has already sanctioned the company’s chief executive.
Rossiya Airlines is a unit of Aeroflot, while Ural Airlines is privately owned. All three are now subject to an asset freeze.
($1 = 0.8079 pounds)
(Reporting by Kylie MacLellan and Muvija M; editing by Michael Holden)
Economic sanctions are restrictions imposed by countries on trade and financial transactions with specific nations or groups to influence their behavior or policies.
A landing slot is a designated time period allocated for an aircraft to land at an airport, which can be bought or sold by airlines.
Aeroflot is the largest airline in Russia, majority-owned by the state, and operates both domestic and international flights.
An asset freeze is a legal measure that prevents individuals or entities from accessing or transferring their financial assets, often used in sanctions.
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