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Ukraine seizes two Russian-owned An-148s worth €10mn

At the request of the Prosecutor General’s Office of Ukraine, a court in Ukraine has seized two An-148-100 aircraft belonging to an undisclosed Russian joint-stock company, after that company allegedly used a Cypriot offshore entity to circumvent sanctions.

The Prosecutor General’s Office said on its Telegram channel on January 23 that “personal special economic and other sanctions were applied to the company in question” according to directives made by Ukraine’s National Security and Defence Council. The cost of the planes is about EUR10 million euros (USD10.85 million), it added.

According to an investigation the prosecutor’s office had conducted, in 2021 the sanctioned firm used the Cypriot offshore company to enter into a lease agreement with a Ukrainian company for the two Antonov regional jets. After Russia’s invasion of Ukraine on February 24 last year, the lease contracts were terminated.

However, the Antonov Design Bureau twinjets were about to be exported from the territory of Ukraine and delivered to Russia, according to the statement.

“Under the procedural guidance of the Prosecutor General’s Office, a pre-trial...

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