The new Russian sanctions are biting as the large scale ban on EU and US companies providing services to Russian companies is causing the expected fallout with insurers, lessors and banks clambering to cancel agreements with Russian firms. As sanctions against Russia are consolidated by the EU and USA, the first high profile victims are confirmed as AWAS and BBAM and their client – Aeroflot’s low cost venture Dobrolet. Dobrolet has had to cancel the lease agreements that came into effect this year for 737-800s. BBAM has had to cancel the agreement for its CFMi56-7B powered 737-800 MSN41991 (reg VQ-BTS)

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