Marine Equipments Centre resells engines to Russian airlines, skirting sanctions
Marine Equipments Centre Pvt. Ltd. has been involved in reselling aircraft engines to Russian airlines, despite sanctions prohibiting such actions. The company purchased two Airbus engines for $17 million and sold them to Rossiya Airlines for $24 million, ignoring contract clauses against re-export to Russia. This transaction highlights a broader network of intermediaries facilitating the continued operation of Russian airlines amid sanctions.
- ▪Marine Equipments Centre Pvt. Ltd. bought two Airbus engines for $17 million and sold them to Rossiya Airlines for $24 million.
- ▪The contract for the engines explicitly prohibited re-export to Russia, which was ignored in this transaction.
- ▪The deal generated a profit of approximately $7 million for the intermediary chain within two months.
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