BREAKING NEWS

Mutual ban on flight between Russia, Ukraine takes effect

Mutual ban on direct flight between Russia and Ukraine takes effects on Sunday, and a Russia analyst believes the sanction will cause loss on both sides.
In September, Kiev said it has decided to close its airspace for 25 Russian airlines, including flagship carrier - Aeroflot and Transaero, within the framework of Ukraine's government sanctions against 105 Russian companies.
Later, the Russian government announced a ban on all Ukrainian air carriers from flying to Russia starting from Sunday, saying it was a tit-for-tat response to Kiev's actions.
Ukraine's Infrastructure Ministry said on Oct. 12 that Kiev has decided to ban all Russian airlines from flying to Ukraine starting from Sunday as a response to Moscow's complete ban.
According to the Ukrainian Infrastructure Ministry, the passenger volume between Russia and Ukraine was 657,000 during the first half of 2015 and among them 431,000 took Russian carriers.
The ban is likely to cause an economic loss of 110 million to 120 million US dollars for both sides, said the Russian transport minister.
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