UK ratchets up its Russia sanctions with ban on jets

Bloomberg

The UK ratcheted up its sanctions against Vladimir Putin’s administration by banning all Russian aircraft from landing and overflying Britain, and prohibiting aviation and space-related exports.
The aviation export ban covers technology and components as well as insurance and reinsurance products, the Foreign Office said. That means cover is withdrawn on existing policies, and insurers are forbidden from paying out on claims on them, it said. The measure delivers on a plan outlined February 24. The steps come a day after the government said it was planning to phase out all imports of Russian crude oil and oil products by the end of the year