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. AIRCRAFT LEASING, INSURANCE IMPACT Russian airlines have been highly reliant on the global aircraft leasing industry to modernise their fleets with the latest Airbus (AIR.PA) and Boeing (BA.N) planes. Russian carriers have 980 passenger jets in service, of which 777 are leased, according to analytics firm Cirium. Of these, […]