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.

De-dollarisation Clashes with India-China Border Dispute
Saheli Chowdhury India//12:16am, May 24th '23

De-dollarisation Clashes with India-China Border Dispute

The global de-dollarisation trend is not totally a bed of roses, or at least there are thorns in the roses that have to be taken into account. While de-dollarisation seems to be an irreversible trend on....

Read More
Global Britain and King Charles’ Great Reset
Matthew Ehret //9:21pm, May 29th '23

Global Britain and King Charles’ Great Reset

Recently, the world was exposed to a disturbing, archaic and bizarre bit of pageantry not seen in over 70 years with the Coronation of King Charles III as head of the global British Commonwealth, head....

Read More
Chinese party congress envisions domestic growth and equality, less reliance on exports
Roger McKenzie//12:24am, Oct 19th '22

Chinese party congress envisions domestic growth and equality, less reliance on exports

Chinese leader Xi Jinping opened the Communist Party’s 20th Congress Sunday promising to reinforce “a new pattern of development” focused on domestic rather than export-led growth and reducing inequality.Vowing....

Read More
Myths About Public Sector Debt
Stewart McGill UK//10:33pm, Nov 23rd '22

Myths About Public Sector Debt

Written by comrade McGill around 18months ago but the principles remain current and relevant, the British government are still using misconceptions and lies about the national debt in order to attack the....

Read More
The Crumbling Metropole
Tarik Ata England//11:01pm, Jul 30th '21

The Crumbling Metropole

Empire leaves the imperial core in a state of destitution.The nominal political scientist and anti-imperialist, Michael Parenti, has stated that “the Empire bleeds the Republic”, meaning: billions....

Read More
Brazil: Foreign and domestic issues
Cristian Junior Brazil//12:09am, May 28th '21

Brazil: Foreign and domestic issues

At the moment, Brazil is going through a Parliamentary Committee of Inquiry, in which the government of the Presidency is having its management during the pandemic investigated for alleged crimes of responsibility.....

Read More