23 MAY 2022
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The UK government has blocked Russian airlines from selling off their landing slots at UK airports and in particular Heathrow. It says the lucrative slots are worth up to £50m.
This extra layer of sanctions impacts Aeroflot, Rossiya Airlines and Ural Airlines. Previous sanctions have banned Russian airlines from UK airspace and the export of aviation goods including aircraft parts.
Foreign Secretary Liz Truss said: “As long as Putin continues his barbarous assault on Ukraine, we will continue to target the Russian economy. We’ve already closed our airspace to Russian airlines. Today we’re making sure they can’t cash in their lucrative landing slots at our airports. Every economic sanction reinforces our clear message to Putin – we will not stop until Ukraine prevails”.
What happens next year as the airport returns to near normal remains to be seen. Heathrow will want the slots to be used. Other carriers will be either requesting to come in, or expanding their allocation. With British Airways the reciprocal ban will not affect the carrier, the slots easily moved to other routes.
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