Explainer: How sanctions against Russia are battering the global aviation industry – Reuters

Explainer: How sanctions against Russia are battering the global aviation industry – Reuters

March 8 (Reuters) - Russia's size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea.

Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot (AFLT.MM), S7 Airlines and AirBridgeCargo are among those outside Russia that are hit directly by sanctions.

Foreign airlines, meanwhile, are reeling from higher oil prices and longer routes needed to bypass airspace over Russia that are expected to drive up ticket prices and air freight rates.