Russia says China refuses to supply aircraft parts after sanctions
Reuters
Published Mar 10, 2022 05:24AM ET
(Reuters) - China has refused to supply Russian airlines with aircraft parts, an official at Russia's aviation authority was quoted by Russian news agencies as saying on Thursday, after Boeing (NYSE:BA) and Airbus halted supply of components.
Russia's aviation sector is being squeezed by Western sanctions over the invasion of Ukraine, with Russia's foreign ministry warning this week that the safety of Russian passenger flights was under threat.
Agencies including Interfax quoted Valery Kudinov, a Rosaviatsia official responsible for maintaining airplane airworthiness, as saying that Russia would look for opportunities to source parts from countries including Turkey and India after a failed attempt to obtain them from China.
He also said Russian companies were registering their planes, many of which had been registered abroad, in Russia after the U.S. and European Union sanctions on aviation and that he expects some others to be returned to leasing companies.
Separately, a draft law published on Thursday showed the Russian government plans to order domestic airlines to pay for leased aircraft in roubles and could bar them from returning planes to foreign companies if leases are cancelled.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.