Geneva Business Jet Spotted in Russia Amid Sanctions

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A Bombardier business jet based in Geneva has been observed operating in Russia, prompting scrutiny over the enforcement of international sanctions and the continued flow of luxury goods into the country following the invasion of Ukraine. The situation highlights the complexities of tracking and preventing the circumvention of sanctions, particularly in the realm of high-value assets like private jets.

Why it matters

The presence of this Swiss-registered business jet in Russia raises questions about the effectiveness of existing sanctions and the ability of sanctioned individuals and companies to acquire luxury assets like private aircraft. It also underscores the broader challenges of restricting the flow of goods and services to Russia amid the ongoing conflict in Ukraine.

The details

According to records, at least 34 Canadian-made business jets and commercial aircraft have been imported into Russia since sanctions were imposed in February 2022. This includes jets owned by Russian oligarchs, demonstrating a continued ability to move such assets into the country despite restrictions. The complexities of aircraft ownership structures, including shell companies and dual citizenship, create loopholes that can be exploited to circumvent sanctions.

• The Bombardier business jet was observed in Russia in 2026.
• Sanctions were imposed on Russia in February 2022 following the invasion of Ukraine.
• At least 34 Canadian-made aircraft have been imported into Russia since the sanctions were enacted.

What’s next

The EU and UK have closed their airspace to all Russian-owned, registered, or controlled aircraft, but determining ownership and identifying ultimate beneficial owners remains a challenge. Experts suggest companies are engaging in 'scenario planning' and due diligence, but most will wait for a lasting peace before considering a return to the Russian market.