Audio By Carbonatix
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 build-up of more than 100 planes that sit idle at Dubai airports since the war began. The Journal cited satellite imagery and data from aerospace research firm WINGX.
According to WINGX's website, "with 49 outbound flights in the first week of March, the Russia-UAE connection is three times busier than pre-pandemic, but just two-thirds of the outbound activity during the last week of February."
Satellite images shot by Earth-imaging company Planet Labs also show an accumulation of private jets from mid-February to the start of April, per The Journal.
When Russia attacked Ukraine, Western nations joined together to penalize Russia for its actions by imposing a number of sanctions. The sanctions aimed to destabilize not just the Russian economy, but some of Russian President Vladimir Putin's closest allies too.
Many Russian oligarchs and billionaires had some of their most luxurious assets seized as a result of the sanctions. Last month, for instance, Gibraltar seized a $75 million superyacht owned by billionaire Dmitry Pumpyansky.
Some of Russia's richest have found refuge in places that have not imposed sanctions, including Dubai and the Maldives.
In March, four private jets were spotted leaving Moscow for Dubai, according to flight tracking site Flightradar24. Unlike Western destinations, Dubai has not banned Russian air traffic.
However, as these jets fly to Dubai to evade sanctions, they resultantly become stuck there as Russian jet owners can't fly them anywhere else, aviation lawyers and private jet brokers told The Journal.
"A lot of the Russian-related airplanes have moved to the UAE because you can fly in the airspace there," Steve Varsano, CEO of a London-based sales brokerage firm for private planes, to the publication. "But once you get there you're pretty much grounded because you can't maintain the airplanes."
Recently, the US Department of Commerce imposed sanctions that prevent Russian-linked aircraft from being refueled, maintained, or repaired. Major aviation companies, including Boeing and Airbus, also stopped supplying spare parts to Russian airlines as a result of the war.
Experts recently commented on sanctions against oligarchs, with one telling CNN he believed they were largely "symbolic."
Latest Stories
-
National Sports Fund to prioritise grassroots talent development — Dr David Wuaku
5 seconds -
Mohammed Fuseini scores second goal of season as USG beat Mechelen
8 minutes -
Mahama signs Legal Education Reform Bill into law, ending Ghana School of Law’s 66-year monopoly
13 minutes -
The Architecture of Impunity: Ghana’s anti-corruption crisis and the Supreme Court’s obligation
14 minutes -
Police arrest 3 over suspected Indian hemp haul and GH¢100,000 bribery attempt
23 minutes -
Softcare supports activities marking 25th anniversary of May 9 Stadium Disaster
25 minutes -
Ayanfuri sub-chief dies after fatal gun discharge during funeral musketry display
29 minutes -
Hindsight: Hearts fail in latest attempt to settle Hiddink case
33 minutes -
National Sports Fund to support all sporting disciplines and recreational facilities — Dr David Wuaku
35 minutes -
South Africa says condition of British man with hantavirus is gradually improving
37 minutes -
KIVO supports 25th anniversary of May 9 Stadium Disaster
38 minutes -
One Million Coders Programme admits 30,000 participants as nationwide training begins
53 minutes -
“Young South Africans should be reminded of African countries’ contributions to their liberation”—Zanetor
57 minutes -
Ghana Boxing Authority to organise elections on June 4
57 minutes -
Nigerian military denies reports of civilian deaths after airstrikes in Niger state
57 minutes