The court ordered insurers to pay -owned more than $ 1 billion for aircraft in the Russian Federation

The High Court of England and Wales ruled Western insurance groups to pay the Irish Aercap company over $ 1 billion related to the aircraft case stuck in Russia. On Wednesday, June 11, Bloomberg wrote.

“AERCAP protection, the largest -owned world of commercial aircraft, has achieved insurance payments for $ 1.035 billion, as well as significant compensation reached during the initial arrangement. The final value for other companies such as Merx Aviation and Dubai Aerospace Enterprise will be identified later.

In the Russian Federation, 116 liners and 15 engines, transferred by the operating aercap, Russia’s 15 air carriers, including Aeroflot, were “stuck”.

“The refusal to bring them back to the judge is really equivalent to the law of war,” the publication point.

The maximum amount of coating of military risks to aercap is limited to $ 1.2 billion, says the judge’s decision. Initially, the company made a claim for $ 3.4 billion, but then, as a result of a series of worldwide agreements and other negotiations, they were reduced to $ 2 billion. Herbert Smith Freehills Kramer, the law firm, which represents its interests, said the company could receive $ 1.035 billion “in addition to the significant amounts received in the initial arrangement.”

When Vladimir Putin began attacking Ukraine, the European Union imposed sanctions, in particular, closing the sky for Russian planes. In response to this, authorities banned exports of aircraft and equipment from the country, thus eliminating leasing companies, including Aercap, Dubai Aerospace Enterprise and others. their ownership.

Meanwhile, in agreement with the DPRK Ministry of Roads, the company “Russian Railways” has been pursuing the pursuit of international non -permanent wagons between Pyongyang and Moscow since June 17.