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Aug 09, 2018 (newstodate): A new round of US sanctions on Russia will take effect from August 22, 2018, affecting also the air services between the two markets.
According to the Russian news agency Interfax, Aeroflot's shares dipped eight percent after the US announcement.
This new package of sanctions against Russia may result in major restrictions on imports and exports, a significant reduction in diplomatic relations, and the suspension of the possibility of flights to the United States for Aeroflot, the NBC television channel reports, based on information from an unnamed representative of the US State Department.
The new sanctions are also expected to cause a rise by up to 25 percent in air tickets in Russia due to the decline in the Ruble rate against the US dollar affecting the country's economy.
According to the Russian news agency Interfax, Aeroflot's shares dipped eight percent after the US announcement.
This new package of sanctions against Russia may result in major restrictions on imports and exports, a significant reduction in diplomatic relations, and the suspension of the possibility of flights to the United States for Aeroflot, the NBC television channel reports, based on information from an unnamed representative of the US State Department.
The new sanctions are also expected to cause a rise by up to 25 percent in air tickets in Russia due to the decline in the Ruble rate against the US dollar affecting the country's economy.