Russian oligarchs hit by airspace ban as private jet departures plummet by 25%

Russian oligarchs are being hit by international airspace bans, with private jet traffic out of the country dropping by 25 per cent in the last week.

Nations including the UK, US, Canada and all members of the EU have imposed a block on Russian aircraft in the days since the country invaded Ukraine.

The move meant that commercial Russian airline Aeroflot was forced to cancel all flights to destinations that had imposed sanctions and reroute a number of flights to ensure they didn't cross over prohibited airspace.

However, it's also impacting on Russia's wealthiest citizens, with private jet owners similarly stifled by the directives.

Ursula von der Leyen, president of the European Commission, singled out this cohort when issuing the EU's no-fly-zone policy.

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