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Russia: aircraft rental will be paid in rubles

The Kremlin's decision for leasing companies based in "unfriendly" countries

Russian President Vladimir Putin has recently signed a decree-law to regulate the fulfilment of financial obligations of Russian companies operating in the transport sector, including the aviation sector. Specifically, these are payments to some foreign creditors based in countries "unfriendly" to Moscow, the so-called hostile states that have imposed economic sanctions against Russia. The new regulation...

Gic - 1243519
Moscow, Russia, 04/04/2022 12:50
AVIONEWS - World Aeronautical Press Agency

AirlinesLeasing: planes blocked in Russia hit financial accounts

Big company suffers billion-dollar devaluation, but It bets on insurance premiums

One of the world's leading aircraft leasing companies, multinational Smbc Aviation Capital, today recorded a 1.6 billion dollars devaluation due to the block of 34 aircraft in Russia. This is the effect... more

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