27

Mar

12:49am
Special Correspondent The International
Crisis in Russian Aviation Sector?

Crisis in Russian Aviation Sector?

Special Correspondent The International//12:49am, Mar 27th '22

The list of sanctions over Russia is exhaustive. So far, military goods, luxury goods, and Russian oil and gas have been banned. Furthermore, The US, EU and UK have together sanctioned over 1,000 Russian individuals and businesses, including wealthy business leaders called oligarchs by the west, who are considered close to the Kremlin. Assets belonging to Russian President Vladimir Putin and his foreign minister Sergei Lavrov are also being frozen in the US, EU, UK and Canada. Western countries have frozen Russia's central bank's assets in order to prevent it from using its $630 billion (£470 billion) in foreign currency reserves. As a result, the rouble's value has fallen by 22% since the beginning of the year. Because of this, the price of imported goods has risen, resulting in a 14 percent increase in Russia's inflation rate.

Image

What remains undiscussed is the aviation sector. All Russian flights have been barred from entering the airspace of the United States, the United Kingdom, the European Union, and Canada. Private jets chartered by Russians have also been prohibited in the United Kingdom. This does not stop here. The sanctions even prevent the shipment of spare parts. As of now, over 400 leased aircrafts (owned by foreign companies) are stuck in Russia. The companies, owing to the sanctions were supposed to take back these planes.

Putin has not taken to these developments kindly. Russia's President Putin has stated that he will require "unfriendly" nations to pay for their imports of Russian gas in roubles, causing the currency's value to rise. Russia has prohibited the export of more than 200 products until the end of 2022, including telecommunications, medical equipment, vehicles, agricultural products, electrical equipment, and timber. After the sanctions were imposed on Russia, Putin allowed the airlines to take control of the planes by signing a law. These western companies own over 70% of these aircrafts, which makes these sanctions all the more jarring. Obviously, the reliance on western aircrafts could have been avoided had the Soviet Union not crumbled. Previously, it was the soviet made aircrafts that dominated the airspace of Russia. Since the companies cannot by law send spare parts for the planes stuck there, no maintenance work will take place. The planes stuck there will have to make do with whatever is available, or ask other countries ( which haven’t sanctioned Russia) for spare parts. Incase the latter does not work, the aircrafts will fail to meet security standards.

If you read our blogs then why not our magazine!!!
Image
Click here to subscribe our monthly magazine

How will Russia deal with it?

Transport Minister Vitaly Savelyev stated on March 22 at a meeting of the economic policy committee in the Russian parliament's upper house that "Russia was being guided by Iran's experience of how to service aircraft in a similar situation."

Image

Tehran has certainly had more than enough practise, having been the target of US and other international sanctions on and off for decades. For many years, Iran has been barred from acquiring spare parts or new planes from international manufacturers, but the country's airlines have continued to operate, largely by using some planes as spare parts. In 2018, around 100 of its 250-plus aircraft were grounded because they had either broken down or been stripped for parts. Following its sanctions experience, Iran looked for alternatives to western aircraft, but any deals were difficult to complete. In 2018, two Iranian airlines, Aseman Airlines and Iran Air Tours, announced agreements to purchase 40 Sukhoi SuperJet 100 aircraft from Russia for a listing of around $2 billion. Iran even tried to make its own planes. Same is the case with Cuba and cars. In the streets of Havana, one only finds vintage cars because of the sanctions.

The experiences in Iran, Cuba should remind us how ghastly sanctions actually are. In Iran, many people died of coronavirus as the sanctions prevented them from importing medical equipment. We should remember that sanctions are inhuman.

PERU TURNS LEFT
Matias Sosa Argentina//4:24pm, Jun 11th '21

PERU TURNS LEFT

After several days of tension and caution, today we can safely say the irreversible trend in favour of the presidential candidate, Pedro Castillo, who prevailed against the daughter of the dictator Alberto....

Read More
Against ‘‘CAPITALIST REALISM’’ and the ‘‘NEOLIBERAL STATE’’
Megan Sherman//12:38am, Mar 11th '22

Against ‘‘CAPITALIST REALISM’’ and the ‘‘NEOLIBERAL STATE’’

Capitalist realism is the official ideology of the neoliberal state, and is an insidious form of propaganda that seeks to eliminate resistance to regressive corporate tyranny. “Capitalist Realism,”....

Read More
The global socialist movement's long-term advantage : there can't be capitalism in one country
Rainer Shea USA//9:31pm, Jan 2nd '21

The global socialist movement's long-term advantage : there can't be capitalism in one country

The great fear of the imperialist bourgeoisie-and even of the bourgeoisie within the capitalist countries that stand against U.S./NATO hegemony-is that one day the forces of proletarian revolution will....

Read More
A Poem by Yanis Iqbal
Yanis Iqbal India//8:27pm, Jan 9th '22

A Poem by Yanis Iqbal

Building On the streets of luxury - beyond the gardens of graves - lies a building,Tall, sturdy, hard.Engraved with glasses of wealth,Splattered with corpses of commodities,A nauseating stench permeates....

Read More
The New ‘Estates General’ and the Liberal Caste System
Brian Patrick Bolger UK//9:51pm, Dec 10th '22

The New ‘Estates General’ and the Liberal Caste System

When the French Revolution abolished the ‘Estates General’, and appeared to usher in the Enlightenment virtues of egalitarianism, the accepted liberal historical view was that the age of absolutist....

Read More
As interest rates and inflation rise, people suffer housing stress
Jerry Grey China//8:33pm, May 14th '23

As interest rates and inflation rise, people suffer housing stress

Affordable house pricing has been an issue for as long as most of us can remember. Our grandparents bought their first homes when their annual salaries were just a shade less than the purchase price. By....

Read More