Superjet Financing for Interjet Untouched by Sanctions | Aviation International News

Superjet Financing for Interjet Untouched by Sanctions

Russian bank VEB omitted from EU sanctions list

Sukhoi Superjet 100s sit inside Sukhoi Civil Aircraft's maintenance facility in Zhukovsky, just outside Moscow. (Photo: Vladimir Karnozov)

By Vladimir Karnozov

March 16, 2015

One notable omission from the list of companies and individuals on the list of European sanctions against Russia has assured the continued delivery of Sukhoi Superjets to Mexico’s Interjet, perhaps illustrating the limits of the European Union’s resolve in punishing the Kremlin for its alleged role in the conflict in eastern Ukraine. Although on March 13 the European Union announced its decision to extend its sanctions on Russia through mid-September, Kremlin-controlled Vnesheconombank (VEB)—part of a bank syndicate including Natixis of France, Deutsche Bank of Germany and Intesa San Paolo of Italy—remains one of the few companies covered by U.S. and Canadian sanctions that still does not appear on the EU list.

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