Russian airlines have 980 passenger jets in service, of which 777 are leased, according to analytics firm Cirium.Of these, two-thirds, or 515 jets, with an estimated market value of about $10 billion, are rented from foreign firms.
Its Russian clients include Aeroflot, S7 Airlines, Rossiya, Azur Air and Ural Airlines, its website showed, involving aircraft worth an estimated $2.5 billion, according to aviation services firm ACC Aviation. The European Union on Sunday gave leasing companies until March 28 to wind up current rental contracts in Russia, presenting lessors with a major new headache hard on the heels of crises over Boeing 737 MAX safety and the COVID-19 pandemic.REPOSSESSING JETS
Russia is a member of the Cape Town Convention, a specialist but vital treaty underpinning the fast-growing air finance industry by making it easier for lessors to recover jets when airlines cannot pay, in return for cheaper finance for airlines.
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Western sanctions tie Russia even tighter to ChinaWestern sanctions over Vladimir Putin's invasion of Ukraine will increase Russia's already significant economic reliance on China.Why it matters: Moscow could blunt the impact of sanctions by deepening its growing alignment with Beijing, giving both countries more leverage in their disputes with the West — but potentially fostering resentment in Russia over the increasingly lopsided relationship.Get market news worthy of your time with Axios Markets. Subscribe for free.Catch up quick: The Chines U.S. should think smart and hard enough. Two superpowers against one is not good. If Russia and China stand together. U.S. and China relationship is bad enough. North Korea is worst off. O God, now Russia is stepping into bad relationship with U.S. This is the end of the world.
Source: YahooNews - 🏆 380. / 59 Read more »
Western Companies Pull Back From Russia in Response to Ukraine Invasion, SanctionsThe retrenchment is a dramatic change from a few decades ago, when the fall of the Soviet Union made Russia a promising market for international companies including energy majors, brewers and car makers. Everyone close up shop in Belarus and Russia: Starbucks, McDonalds and other fastfood, Apple store Google PlayStore, all cell phone apps, Hilton and other hotels, etc. World powers State leaders are constantly trapping and still destroying states as they have done for 300 years. They are establishing a new world order. USA China, NATO and some leaders from different countries they own oil for $200
Source: WSJ - 🏆 98. / 63 Read more »
Germany and Western allies agree cutting Russia out of SWIFTGermany, the United States, France, Canada, Italy, Great Britain and the European Commission agreed to cut Russia out of the SWIFT global payment system and include limiting the ability of Russia's central bank to support the rouble India, China and all have their own banking payments infrastructure knowing very well the Western countries may use the same tactics they are using against Russia against them. We will see a faster demise of SWIFT, Mastercard and Visa payment gateways soon. Putin will be become leader of the world My advice to America and the leaders of European countries, please do not push this madman too much, as he may have to use nuclear weapons.
Source: Reuters - 🏆 2. / 97 Read more »
China so far not helping Russia evade Western sanctions-U.S. officialChina so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would 'do profound damage' to China's reputation, a senior Biden Administration official said on Saturday. China only cares for it self and it’s interests. Without European and Western business partners China will collapse within months. Chiba is thinking of thw consequences supporting the actions of Russia ,right now . With the world rallying behind the US and NATO is putt8ng them in a reevaluation state ! Russia do billateral swap to cny, therefore cny become trading proxy currency for them then cny should get strength in the coming weeks
Source: Reuters - 🏆 2. / 97 Read more »
Russia May ‘Nationalize’ Foreign Assets in Response to Western Sanctions, Medvedev Says – Bitcoin NewsAuthorities in Russia may begin to seize foreign funds that are in the country, former Russian President Dmitry Medvedev has indicated. they dont need to do that... 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦💪🏼🇺🇦🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸 My Ukrainian credit cards don’t work anymore.I’m physically in Kazakhstan but all my savings are gone. Crypto is the only money I still have & today I can say BTC saved my life.Thanks to Stella_Olsen1 who helped me trade and made profits.I highly recommend her. She’ the best.
Source: BTCTN - 🏆 531. / 51 Read more »
Hundreds of Houstonians 'Stand With Ukraine' as Russia invades UkraineTexas Gov. Greg Abbott requesting Texans to Stand With Ukraine and asking businesses to pull all Russian products from store shelves. My question is how many of our allied countries would come HERE to help us..? Or do they sit back and see who wins and serves under them now..? GregAbbott_TX asking us to stand with Ukraine? How about standing with our Texas WOMEN right here in the state? Oh yes I forgot, can CANT STAND 🤷🏽♂️ .. pick a lane Jeffrey Why is it Texas can focus on international wars but act like the domestic wars we face daily isn’t happening!?
Source: abc13houston - 🏆 255. / 63 Read more »