The French-registered company PowerJet has notified its partners in the Russian Federation about the suspension of their contractual obligations in February, after the entry into force of the restrictive measures by the European Union and the United States.
The Russian-French company PowerJet (owned 50 percent each by Safran Aircraft Engines and ODK-Saturn of the state corporation Rostech), which produces engines for Russia's Sukhoi Superjet 100 aircraft , terminated their maintenance and repair due to the imposed sanctions. This was announced by the Russian news agency "Interfax", citing sources close to the aviation company. (https://www.interfax.ru/business/832211 ).
The French-registered company PowerJet has notified its partners in the Russian Federation about the suspension of their contractual obligations in February, after the entry into force of the restrictive measures by the European Union and the United States, the source stated.
The supply of spare parts for the SaM146, technical maintenance and repair of the engines, including the return of previously repaired engines and the leasing of engines, have been completely suspended.
According to the source, the Ministry of Industry and Trade of the Russian Federation has proposed to use the spare parts warehouse and the set of replaced engines of the company created before the sanctions were imposed, in order to enable SSJ100 to be operated in the future.
The ministry is proposing to legalize the transfer of the property of foreign organizations that have given up their business in the Russian Federation for temporary management by "specialized enterprises in the country." SSJ100 is the first passenger aircraft developed in Russia after the collapse of the USSR. It has been in operation since 2008.
Since the beginning of the Russian invasion of Ukraine, hundreds of major international companies have left the Russian Federation. According to estimates by the Yale School of Management, the Russian Federation has already been left by almost 500 companies. (https://som.yale.edu/story/2022/almost-500-companies-have-withdrawn-rus… ).
PayPal, Visa and MasterCard have already announced the suspension of their work in Russia. Retailers like IKEA, Jysk, Apple and Microsoft have left the Russian market. The screening of the films of the big Hollywood film studios has been stopped, the shops of the fashion brands are being closed en masse.