सभी
← Back to Squawk list
More than 100 private jets owned by Russian oligarchs are stuck in Dubai after being flown there to escape sanctions, reports say
Dozens of private jets belonging to Russian oligarchs are effectively grounded in Dubai. The Wall Street Journal reported on a build-up of more than 100 planes at Dubai airports. Dubai may seem like a safe haven for luxury assets but sanctions effectively restrict their use. Private jets belonging to Russian oligarchs that flew to Dubai to seek refuge from sanctions, following Russia's invasion of Ukraine are effectively stuck there, The Wall Street Journal reported. It's caused a… (www.yahoo.com) और अधिक...Perhaps a naive question, but why are the flying them to UAE, instead of back to Russia? Seems being in Russia would be a better refuge from Sanctions than being in UAE....
Maybe they don't want to take their toys home, in case things go "sideways" in Russia where they might get broken...
The sanctions imposed on Russia included seizing assets of oligarchs and billionaires, which would have included their private jets. They flew to UAE because UAE is one of the few countries that still accepts air traffic from Russia. However, once they get to UAE they can't really go anywhere else because of the sanctions imposed that prevent Russian-linked aircraft from being refueled, and spare parts aren't being supplied to them either so if something breaks and they can't fix it themselves, they're SOL.
I get all that, but why go to UAE instead of Russia? Obviously being in Russia they are still SOL if something needs parts, but at least there is no worry of being seized because of sanctions. UAE can always change their minds and start seizing assets if they have the right incentive. I suppose there could be a fear that Putin will start seizing things himself if he perceives some sort of slight.
Assets are frozen not seized. Big difference. Also many of these assets are registered in offshore corporations based in fiscal havens upon which no sanctions are imposed and where the US, UK and EU have no juridiction.
This type of article is just to please the warmongering crowds.
There are so many aviation FBOs around the world which will be more than happy to take care of these jets as well as the yachts.
This type of article is just to please the warmongering crowds.
There are so many aviation FBOs around the world which will be more than happy to take care of these jets as well as the yachts.
Regarding maintenance i am not worried, business jet manufacturers want to keep their clients happy and will make all the necessary efforts to supply maintenance staff and parts through their foreign dealerships where ever are the jets grounded.
Harbouring countries will be happy to charge parking fees and maintenance to their guests.
So many countries are not enforcing these sanctions and will be more than happy to be “middlemen” in any lucrative deals.
During the Falkland war, even after sanctions were imposed on Argentina, French arm manufacturers kept supplying weapons to Argentina via Brazil.
The same was done for Saddam Hussein when he invaded Koweit.
Business is business. Nobody knows but 2 huge oil and gaz deals were signed by France and Germany with Russia while the war is going on in Ukraine.
The gaz flows through the Brotherhood pipeline in Ukraine and Zelensky gets his commission for the transit fees of US$2 billions a year.
These sanctions are just a show for the populace. So many intermediate banks, corporations and countries make lots of money by brokering those deals.