Russia's plane shortage hinders air travel as wartime wages boost demand

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Russia's plane shortage hinders air travel as wartime wages boost demand - Business Standard

Quick Summary:

Just a few years ago the domestic aviation industry could only dream of this," Sergei Chemezov, head of industrial conglomerate Rostec, told Reuters in August.

As Moscow becomes increasingly dependent on Beijing for trade, technology and political support, air travel is the latest link being forged between the two nuclear powers."China is building up its positions very strongly," Panteleev said."Russian tourists are gradually beginning to rediscover China.

While the sanctions fell short of the desired effect of crippling Russia's economy and starving its war machine, they did cut off the supply of planes and parts, which domestic production could not replace.