BR100 Increased By (1.46%)
BR30 Increased By (1.46%)
KSE100 Increased By (1.19%)
KSE30 Increased By (1.27%)
AGHA 7.88 Increased By ▲ 0.13 (1.68%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 58.00 Decreased By ▼ -0.66 (-1.13%)
BOP 34.59 Increased By ▲ 0.90 (2.67%)
CNERGY 10.86 Increased By ▲ 0.25 (2.36%)
CSIL 5.45 Increased By ▲ 0.15 (2.83%)
FCCL 54.65 Increased By ▲ 0.91 (1.69%)
FFL 16.82 Increased By ▲ 0.36 (2.19%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.47 Increased By ▲ 0.19 (2.61%)
KOSM 5.70 Increased By ▲ 0.06 (1.06%)
LOTCHEM 30.05 Increased By ▲ 0.40 (1.35%)
MLCF 97.45 Increased By ▲ 1.09 (1.13%)
NBP 206.50 Increased By ▲ 2.97 (1.46%)
NCPL 58.20 Increased By ▲ 1.35 (2.37%)
NPL 69.30 Increased By ▲ 1.99 (2.96%)
OGDC 321.90 Increased By ▲ 3.68 (1.16%)
PACE 10.80 Increased By ▲ 0.17 (1.6%)
PAEL 42.75 Increased By ▲ 0.98 (2.35%)
PIBTL 17.20 Increased By ▲ 0.39 (2.32%)
PPL 223.50 Increased By ▲ 3.33 (1.51%)
PRL 52.25 Increased By ▲ 3.20 (6.52%)
PTC 71.08 Increased By ▲ 1.07 (1.53%)
SSGC 29.62 Increased By ▲ 0.48 (1.65%)
TBL 9.89 Increased By ▲ 0.12 (1.23%)
TELE 8.93 Increased By ▲ 0.11 (1.25%)
TPL 17.48 Increased By ▲ 0.31 (1.81%)
TPLP 12.98 Increased By ▲ 0.47 (3.76%)
TREET 23.00 Increased By ▲ 0.41 (1.81%)
TRG 60.50 Increased By ▲ 0.28 (0.46%)
By

LONDON: The UK government said on Thursday it is slapping further sanctions on Russia’s main airlines by barring them from selling landing slots they are already banned from using.

“State-owned Aeroflot, Russia’s largest airline, Ural Airlines and Rossiya Airlines will now be unable to sell their unused, lucrative landing slots at UK airports,” the foreign ministry said in a statement.

The move will prevent Russia “from cashing in on an estimated £50 million (59 million euros, $62 million)”, it added.

The UK has already banned Russian aircraft and vessels, and sanctioned more than 1,000 Russian individuals and 100 entities, since President Vladimir Putin ordered the invasion of Ukraine in late February.

Pound falls as UK inflation hits 40-year high

“As long as Putin continues his barbarous assault on Ukraine, we will continue to target the Russian economy,” Foreign Secretary Liz Truss said.

International sanctions against Moscow over its invasion of Ukraine mean that Russia is “heading for the deepest recession since the collapse of the Soviet Union”, the statement said.

Comments

Comments are closed for this article.