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    /research/markets and sectors

    UK sanctions Russian airlines to prevent them selling landing slots

    • print Print |
    • A
    • A
    • A
    • BY Reuters|
    • Non-Eurozone , United Kingdom |
    • 5:15 AM ET 05/19/2022

    LONDON, May 19 (Reuters) - Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports.

    "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," British Foreign Secretary Liz Truss said in a statement.

    The British government said it estimated the landing slots were worth 50 million pounds ($61.9 million). ($1 = 0.8079 pounds) (Reporting by Kylie MacLellan and Muvija M; editing by Michael Holden)

    Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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