Businessman grounded by US sanctions
Print Edition
A businessman and associate of Vladimir Putin said he cannot use his luxury jet because of US sanctions over the crisis in Ukraine, a Russian news agency reported.
Gennady Timchenko, a major shareholder in Russia’s No.2 gas producer Novatek, told Itar-Tass that Gulfstream Aerospace Corp had withdrawn technical support for his jet.
His comments indicated that the G650 jet, which Itar-Tass said was worth US$64.5 million, had been grounded in Moscow.
“Sanctions are coming out in the quaintest of ways,” Timchenko said. “The company Gulfstream has stopped fulfilling its contract obligations by suspending my jet flights.”
Timchenko was included on a US list of individuals subject to asset freezes and visa bans after Russia’s annexation of Crimea in March. “Gulfstream is prohibited from having any contacts with me. They cannot discuss either future supplies of already ordered jets or the operation of this one,” the businessman said.
Gulfstream, which is owned by General Dynamics and is based in Savannah in the US, did not comment. Itar-Tass quoted Gulfstream as saying it was not aware of any problems with its technical support service for jets in Russia.
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