News Feed

Ukraine nationalizes Russian aircraft worth $4 million

1 min read

Ukraine's High Anti-Corruption Court ruled to transfer an aircraft worth Hr 150 million (around $4 million) from the sanctioned Russian company Rostec to the state's property, the Security Service of Ukraine (SBU) informed on July 6.

With this decision, the court satisfied the lawsuit of the Justice Ministry, filed based on the information provided by SBU, the Security Service wrote on Telegram.

Before the full-scale invasion, the cargo and passenger plane An-140-100 was handed over to the Ukrainian state enterprise Antonov for technical adjustments, tests, and subsequent return, SBU reported.

According to Ukraine's investigations, the plane belongs to the Russian state-owned defense conglomerate Rostec, which also supplies Russian armed forces with military aircraft. The company is investigated on the charges of financing aggression against Ukraine, the SBU added.

For these activities, Rostec has been sanctioned by Ukraine, the U.K., the EU, the U.S., Canada, Switzerland, Australia, Japan, and New Zealand.

Avatar
Martin Fornusek

Reporter

Martin Fornusek is a reporter for the Kyiv Independent, specializing in international and regional politics, history, and disinformation. Based in Lviv, Martin often reports on international politics, with a focus on analyzing developments related to Ukraine and Russia. His career in journalism began in 2021 after graduating from Masaryk University in Brno, Czechia, earning a Master's degree in Conflict and Democracy Studies. Martin has been invited to speak on Times Radio, France 24, Czech Television, and Radio Free Europe. He speaks English, Czech, and Ukrainian.

Read more
News Feed
Video

As peace talks continue and the U.S. pushes for compromise, one proposal keeps returning: Ukraine should withdraw from the remainder of Ukrainian-controlled Donetsk Oblast to end the war. The Kyiv Independent’s Francis Farrell explains why the Battle of Donbas remains at the center of the peace process.

 (Updated:  )Company news

The Kyiv Independent’s separate analytical unit, KI Insights, is excited to announce the launch of its podcast, Ukraine Insights — a show dedicated to unpacking Ukraine’s politics, security, economy, and international relations through in-depth, expert-driven conversations.

Show More