Two Russian-owned planes worth EUR 10 million arrested in Ukraine

24 January, 02:28 PM
The court seized two planes of the Russian company (Photo:John McArthur\Unsplash)

The court seized two planes of the Russian company (Photo:John McArthur\Unsplash)

A Ukrainian court has seized two An-148 aircraft belonging to a Russian joint-stock company worth EUR 10 million ($11 million), Ukraine’s Prosecutor General’s Office reported on Telegram on Jan. 24.

According to the decision of the National Security and Defense Council, personal, special, economic and other sanctions were applied against this company.

The name of the company has not been disclosed. The An-148s are regional passenger jets, with flight ranges up to 3,500 kilometers.

According to the investigation, in 2021, the sanctioned enterprise, through a Cypriot offshore company, entered into a lease agreement for these planes with a Ukrainian company that used them in its economic activities.

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After the full-scale invasion by the Russian Federation, the lease agreement was terminated.

U.S. newspaper the Washington Post reported in July 2022 that Russia is holding over 400 passenger jets hostage in a global sanctions tussle.

“The country’s airlines are refusing to return the planes they’d leased from foreign companies; the planes are worth billions,” the Washington Post wrote.

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