sanctions

Sanctions brought by the U.S. State, Commerce, and Treasury departments target companies producing loitering munitions used by Russia against Ukraine.

In August, the company reported to its investors in a 6-month update that it was writing down the book value of 17 aircraft stuck in Russia as a loss valued at $804 million.

International sanctions on citizens form the basis for the order

One expert says the result of Russian President Putin’s actions could be ‘thoroughly devastating’ to aviation.

Commerce Department says AirBridgeCargo planes escaped; secondary sanctions could apply for refueling.

War, and its resulting sanctions, create financial damage worldwide, including in aviation.

Boeing Co. (NYSE: BA) said Wednesday that it has suspended major operations in Moscow and curtailed certain other activities in response to Russia’s invasion and continued advances in Ukraine. In a statement, the company said, “We have suspended major operations in Moscow and temporarily closed our office in Kyiv. We are also suspending parts, maintenance, […]

The economic sanctions imposed last week on Russia by the U.S. and its allies can put some members of the business aviation community in a tough spot.  In its statement announcing the sanctions, the White House said they include “sweeping financial sanctions and stringent export controls that will have a profound impact on Russia’s economy, […]

Eastern European and Baltic countries’ bans are squeezing airspace available to Russian providers.