Engine failures ground two Russian airliners shortly after takeoff, local
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Engine failures ground two Russian airliners shortly after takeoff, local media reports

Two Russian airliners were forced to return to their departure airports due to engine failures shortly after takeoff, The Moscow Times reported on Jan. 4, citing Russian media. Western sanctions imposed after Russia's full-scale invasion of Ukraine have severely impacted the country’s aviation industry. Cut off from parts and support from Western manufacturers, Russian airlines […]
Hungary's Orban urges EU to lift Russia sanctions, media reports
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Hungary's Orban urges EU to lift Russia sanctions, media reports

Hungarian Prime Minister Viktor Orban urged the European Union to lift sanctions on Russia, news portal Telex reported on Jan. 17. According to the Hungarian outlet, Orban said it's "time to throw sanctions out the window" and establish a sanctions-free relationship with Russia during a radio interview. He also described the European Union as being […]
Russian luxury market thrives despite sanctions through shadow networks, FT
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Russian luxury market thrives despite sanctions through shadow networks, FT reports

Russian shoppers continue to access luxury Western brands despite sanctions imposed after the full-scale invasion of Ukraine, The Financial Times reported on Dec. 26. An industry of personal buyers, resellers, and cross-border smugglers has emerged, allowing affluent Russians to circumvent restrictions. The European Union has limited legal sales of luxury goods to Russia to items […]