Russian Federation

Russian Federation

Allows Russian airlines to register foreign-leased jets and aircrafts in Russia

19 Mar 2022

On 19 March 2022, the Government of the Russian Federation adopted Decree No.411,412 permitting Russian airlines to enter into the State Register, leased aircrafts belonging to the foreign company from the States that imposed sanctions against the Russian Federation. Additionally, the lessee will be responsible to provide maintenance and repair of the foreign aircrafts. The payments under leasing agreements will be conducted taking into consideration earlier restrictions adopted by the Russian Federation.

Nature of measure:
  • Treatment and operation
Type:
  • Treatment and operation (Nationalizations and expropriations, Operational conditions)
Industry:
  • Services (Transportation and storage)
Inward FDI:
No
Outward FDI:
No
Sources:
  • publication.pravo.gov.ru , Постановление Правительства Российской Федерации от 19.03.2022 № 411 "Об особенностях государственной регистрации предназначенных для выполнения полетов гражданских воздушных судов в Государственном р, http://publication.pravo.gov.ru/Document/View/0001202203230028, 23 Mar 2022
  • publication.pravo.gov.ru , Постановление Правительства Российской Федерации от 19.03.2022 № 412 "Об утверждении особенностей исполнения договоров финансовой аренды (лизинга), договоров аренды иностранных воздушных судов, исполь, http://publication.pravo.gov.ru/Document/View/0001202203230019, 23 Mar 2022
  • JDSupra, Update: Russia Considers and Enacts Measures Against Foreign Investors, https://www.jdsupra.com/legalnews/update-russia-considers-and-enacts-4945789/, 21 Mar 2022