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.
The West is targeting the assets of those closest to Putin
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.
Boeing planes owned by Russian oligarchs among those 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.
American Express reveals Australian homeowner bill payment insights
In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.
American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.
Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.
Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.
The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.
In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”
The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.
The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.
Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.