Exclusive: Sanctioned Russian tycoon hands back his private jets

Exclusive: Sanctioned Russian tycoon hands back his private jetsBy Rinat Sagdiev and Polina Ivanova MOSCOW (Reuters) – Russian tycoon Oleg Deripaska has handed back three private jets he was leasing because U.S. sanctions imposed on him last month make it impossible to keep using the planes, the firm retained by the owners to sell the aircraft said on Thursday. The return of the aircraft is an indication of how deeply the sanctions have affected Deripaska’s business empire, extending beyond the direct impact on his Rusal aluminum firm, whose sales and supply chains have been heavily disrupted. Alireza Ittihadieh, director of Freestream, an aviation sales company that listed the three jets for sale, said the jets were owned by lenders Credit Suisse and Raiffeisen, and were then leased via a management company to Deripaska-controlled firms.



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