It’s no secret that Russia has seen a series of ever strengthening sanctions in recent weeks, but now Western leaders are turning their attention to multi-million-dollar Russian-owned jets
Western countries desperate to stunt the growth of Putins war effort are targeting his high value friends.
Those with affiliations or wealth accumulated in relation to the Russian leadership are being affected by these sanctions in more ways than one.
A total of 18 Russian aircraft have been deregistered
Among those aircraft include iconic Boeing 767’s to Bombardier High-Speed Corporate jets.
Even helicopters are being targeted.
How are the aircraft seized by the West?
The western efforts of de-registration make it not only difficult for owners of the aircraft to make use of airspace, but also to maintain and upkeep these incredible machines.
Violations of that de-registration extend to those providing any form of service to sanctioned aircraft.
The British government has also reportedly detained two jets owned by sanctioned Russian-born billionaire Eugene Shvidler a detainment that is apparently “indefinite”
It is common for high-net-worth individuals to own aircraft via offshore holding companies mudding their ownership and making it harder to identify the true user of the aircraft and their international movements.
A popular jurisdiction to host aircraft is the “Isle of Man” – an area which has allowed billionaires to save big on sales taxes whilst flying, buying, or selling planes, choppers and jets.
However, authorities are putting those perks on ice. As more of these planes become “stateless” meaning they are impossible to insure as the US and EU maintains its efforts to dissuade Russia from the conflict.
Adding to the headaches of oligarchs is the fact that leading manufacturers including Boeing, Airbus and Bombardier have also announced that they will suspend business with Russian companies and individuals, meaning simple repairs or replacing parts and crew becomes almost an illegal practice.
A long list of oligarchs and their Airships remain grounded across the globe as this war drags on.
All whilst Russia makes plans to reengage Ukrainian forces after initial attacks proved more difficult than predicted.
What is becoming clear is that those who have benefited from Putin’s regime will no longer be able to go about their business and continue to profit due to this unprovoked war in Ukraine.
