NEWSJan 23, 2024U.S. Sanctions Fly Baghdad for Financing Iran-Backed Terrorist Groups in Syria, Lebanon, and IraqThe U.S. has placed sanctions on Iraq's Fly Baghdad and its CEO, Basheer Abdulkadhim Alwan al-Shabbani, for assisting Iran-backed militant groups across the Middle East. The sanctions were announced on January 23, alongside a fifth round of sanctions on Hamas for using cryptocurrency to finance their operations. According to the U.S. Treasury Department (USDT), Fly Baghdad and its CEO have worked with the Islamic Revolutionary Guard Corps (IRGC) and Iranian proxy groups in Iraq, Syria, and Lebanon.Read More →
NEWSDec 24, 2023Russia Has Spent $12 Billion to Keep its Aviation Sector Alive Amid Western SanctionsFacing Western sanctions and disrupted supplies, Russia invests over $12 billion to fortify its aviation sector, aiming for self-reliance in aircraft manufacturing. President Putin's vision includes producing over 1,000 domestic aircraft by 2030, navigating challenges while ensuring the industry's resilience amid international tensions and potential electoral pressure.Read More →
NEWSAug 06, 2023Aeroflot Deactivates Brakes on Nine Aircraft, Relies Heavily on Reverse ThrustRussian flag carrier Aeroflot is beginning to fly some of its western-made aircrafts without properly maintained brakes due to lack of parts as a result of sanctions.Read More →