Europe to ban export of all aircraft and spare parts to Russian airlines

The European Union on Friday Feb. 25 shared that it will ban the export of all aircraft, equipment, and spare parts. This move falls under broader sanctions imposed by the European Commission following Russia’s invasion of Ukraine.

In a bid to become more self-sufficient, Russia’s aviation industry has been taking significant strides to expand its aircraft development programs. Despite this approach, there were several collaborations in place with European companies.

Notably, Airbus last year shared that it was keen to increase its market share in Russia, with the company recently confirming several new orders from the country’s carriers. The firm also has a significant interest in the nation’s resources, such as titanium, to build its aircraft. Moreover, brands under the Airbus umbrella also supply parts, including seats, to Russian aircraft.

All in all, business between Russia and other European countries had been active over the last decade. Regardless of the trade links, the mood has completely changed following recent incidents.

European Commission President Ursula von der Leyen shared the following today after the extraordinary EU Summit, as reported by Urdu Point.