EU modifies sanctions to enable plane owners to sell to Russia

by SpeedLux
European Union EU

An amendment to European Union sanctions last week formed a potential path for some aircraft financiers to sell jets held in Russia to the airlines currently operating them without permission. 

The measure published on April 8, will permit EU governments to grant permission for entities in their states to keep getting payments from Russian companies on so-called financial leases signed before February 26. Ownership of the plane can be shifted once the lease is paid off.

“the sale, supply, transfer or export of goods and technology referred to in paragraph 1 or the provision of related technical or financial assistance is intended for aviation or the space industry, unless such sale, supply, transfer or export or the provision of related technical or financial assistance is allowed under paragraph 4(b); or,” the amendment noted.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More