A plane from Russia's flagship airline Aeroflot. Reuters
A plane from Russia's flagship airline Aeroflot. Reuters
A plane from Russia's flagship airline Aeroflot. Reuters
A plane from Russia's flagship airline Aeroflot. Reuters

UK imposes sanctions on Russian airlines to prevent landing slot sale


Paul Carey
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Live updates: follow the latest news on Russia-Ukraine

Russian airlines will not be able to sell lucrative landing slots at major UK airports under new sanctions introduced by the UK government.

State-owned Aeroflot, Russia’s largest airline, Ural Airlines and Rossiya Airlines will now be prevented from cashing in their unused slots estimated to be worth £50 million.

The UK, along with international partners, placed sanctions on the chief executive of Aeroflot Mikhail Igorevich Poluboyarinov in March. Aeroflot is subject to an asset freeze.

UK airspace is already closed to Russian aircraft under current sanctions. The export of aviation goods and technology to Russia has also been banned.

Foreign Secretary Liz Truss said: “As long as Putin continues his barbarous assault on Ukraine, we will continue to target the Russian economy. 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. Every economic sanction reinforces our clear message to Putin — we will not stop until Ukraine prevails.”

Last week, the UK imposed sanctions on Mr Putin's financial network — including his ex-wife and cousins — to “tighten the vice on the president and his inner circle”.

Ms Truss said she was targeting the “shady network propping” up the leader.

Passenger planes owned by Russia's airlines, including Aeroflot and Rossiya, are parked at Sheremetyevo International Airport in Moscow. Reuters
Passenger planes owned by Russia's airlines, including Aeroflot and Rossiya, are parked at Sheremetyevo International Airport in Moscow. Reuters

The latest announcement comes as the Transport Secretary, Grant Shapps, takes up the presidency of the International Transport Forum, which he will use to call for a united response against Russia’s invasion of Ukraine.

Mr Shapps said: “The UK was one of the first nations to implement sanctions on Putin and his allies; we forbade entrance to their ships and planes, strangling them of the privilege to benefit from global trade and commerce.

“Today, the UK government has built on the strong action we have already taken.”

The UK has placed sanctions on more than 1,000 people and more than 100 businesses since Russia’s invasion of Ukraine.

In a statement, the Foreign Office said international sanctions are having a significant impact on Mr Putin's “war machine”.

Russia’s Central Bank has admitted that sanctions are a major challenge for Russian supply chains.

Recently introduced powers make it a criminal offence for any Russian aircraft to fly or land in the UK, and give the government powers to remove aircraft belonging to designated Russian individuals and entities from the UK aircraft register, even if the sanctioned individual is not on board. Russian ships are also banned from UK ports.

Foreign Secretary Liz Truss said: “As long as Putin continues his barbarous assault on Ukraine, we will continue to target the Russian economy." EPA
Foreign Secretary Liz Truss said: “As long as Putin continues his barbarous assault on Ukraine, we will continue to target the Russian economy." EPA

Meanwhile, a British defence intelligence update suggested a culture of cover-ups and scapegoating was hampering the Russian military effort in Ukraine.

The Ministry of Defence said a number of senior Russian commanders deemed to have performed poorly had already been fired.

“A culture of cover-ups and scapegoating is probably prevalent within the Russian military and security system,” the MoD said.

“Many officials involved in the invasion of Ukraine will likely be increasingly distracted by efforts to avoid personal culpability for Russia’s operational setbacks.

“This will likely place further strain on Russia’s centralised model of command and control, as officers increasingly seek to defer key decisions to their superiors. It will be difficult for Russia to regain the initiative under these conditions.”

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

GRAN%20TURISMO
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Neill%20Blomkamp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20David%20Harbour%2C%20Orlando%20Bloom%2C%20Archie%20Madekwe%2C%20Darren%20Barnet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
AL%20BOOM
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Updated: May 19, 2022, 11:08 AM