Losses to Russian Chicanery Approach $10-Billion
In the frantic days following Russia’s February 2022 invasion of Ukraine, Moscow cobbled together legislation authorizing Russian air-carriers to add aircraft leased from foreign countries to Russia's aircraft register, thereby effectively defaulting on extant leases and loans. The maneuver was prompted by Russian certainty in the imminence of Western sanctions that would have seen the aircraft repossessed by their owners.