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Western business sanctions “inappropriate” — Deputy PM

August 06, 2014, 10:53 UTC+3 MOSCOW

Commenting on restrictions on flights of low-cost air carrier Dobrolyot that was operating flights to Crimea, Dmitry Rogozin said "their sanctions are like shooting their own leg"

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© ITAR-TASS/Mikhail Metsel

MOSCOW, August 06. /ITAR-TASS/. Western business sectoral sanctions against Russia are inappropriate, Russian deputy Prime Minister Dmitry Rogozin said on his Facebook page.

Commenting on restrictions on flights of Russian Aeroflot subsidiary, low-cost air carrier Dobrolyot that was operating flights to Crimea, the official said “their sanctions are like shooting their own leg. A market can be lost overnight but recovery can take decades.”

“The question is whether our ‘industrial captains’ really needed sanctions to realize that Russia is just ‘doomed’ to have its own industry — not just assembly but real industry from development to production — without which all talks about our independence are just empty words,” Rogozin said.

The U.S. and EU introduced sanctions against several Russian officials as well as oil, defense and hi-tech sector and dual-purpose goods.

On Tuesday, Russian President Vladimir Putin instructed the government to consider a “careful” response to the Western sanctions that would not harm Russian producers.

“Political instruments of economic pressure are unacceptable and contravene all norms and rules,” he said adding producers in different countries should have a level playing field, which is in the interests of the national security and complies with WTO rules.

Dobrolyot suspended flights on August 4 on EU sanctions. Its fleet comprises two Boeing 737-800 NG and a SSJ-100; six more Boeing 737-800 NG are planned to be purchased by the end of 2014.

Both Boeings are leased by BBAM Aircraft Leasing and Management. Dobrolyot aircraft could be used by Aeroflot or its subsidiaries, a source close to Dobrolyot told ITAR-TASS adding Aeroflot signed the leasing agreement with a subleasing right. As the leaser revoked the permit, the planes go back to Aeroflot.

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