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How the West is grounding the jets of Russian Oligarchs

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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.

Mike Loder is the host of Ticker Originals. As seasoned actor and presenter, Mike is producing his own independent film. He's passionate about reporting on gaming, tech and lifestyle.

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U.S. retailers limit emergency contraception purchases

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Demand for morning after pills have led to retailers having to limit purchases

Amazon has limited sales of morning after pills as demand spikes following the U.S. Supreme Court ruling overturning Roe v. Wade.

There is now a limit of three Plan B units per week on emergency contraceptive pills sold through its website.

Other U.S. retailers are also capping purchases of emergency contraceptive pills like chain pharmacy, CVS and Walmart.

Plan B is an emergency contraceptive that can be taken within 72 hours after sex. It is a synthetic form of the hormone progestin which delays ovulation briefly and prevents pregnancy.

Demand has surged following last week’s U.S. Supreme Court ruling overturning Roe vs Wade, ending the constitutional right to have an abortion.

Since the reversal of Roe v Wade, women have tried to find ways to control their reproductive health, by stocking up on emergency contraception.

Social media is flooding with calls to stock up on Plan B in anticipation of possible restrictions on contraceptive pills.

Meanwhile, some US companies have committed to paying staff travel expenses for those wanting an abortion.

Katerina Kostakos contributed to this article.

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Chinese investment in Australia drops

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China’s investment in Australia has plunged to its lowest levels since 2007

A new report from KPMG and the University of Sydney shows Chinese companies invested U.S. $585 million in Australia last year, which is down from a peak of U.S $16.2 billion in 2008.

It comes as relations between the two nations remain sour. Australia has previously called for an independent review into the origins of Covid-19, and a ban on foreign interference.

But Chinese officials have responded with trade sanctions, which have affected Australian wine, seafood and coal exports.

Australia was once a large destination for Chinese investment. In fact, the two nations signed an historic Free Trade Agreement in 2015, with a key focus on economic growth and creating jobs.

Australia’s Prime Minister, Anthony Albanese says he will not make concessions to China. The newly-elected Albanese is in Europe for a series of talks with NATO leaders.

“The resistance of Ukraine has brought democratic nations closer together which have a shared commitment to rules-based, international order,” he says.

But Chinese officials believe it is irresponsible to place Ukraine and Taiwan in the same basket.

Chinese Foreign Ministry spokesman Zhao Lijian says “Taiwan is by no means Ukraine,” and labelled Albanese’s comments as “irresponsible”.

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Target offers support to employees seeking abortions

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Target will help its employees living in states where abortions are banned by funding their travel

The company sent a memo to employees via email with the new policy to be enacted in July.

Target’s Chief Human Resources Officer says “A few months ago, we started re-evaluating our benefits with the goal of understanding what it would look like if we broadened the travel reimbursement to any care that’s needed and covered – but not available in the team member’s community”.

She says “This effort became even more relevant as [Target] learned about the Supreme Court’s ruling on abortion, given that it would impact access to healthcare in some states”.

This all comes amid the reversal of Roe versus Wade removing abortion as a constitutional right within the U.S.

This has sparked a range of companies to provide similar benefits with Amazon also providing travel coverage for employees.

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