You're reading: Minsk estimates lost profits of Belarusian airlines from Western sanctions at $10 million per month

Minsk estimates lost profits of Belarusian airlines from Western sanctions at $10 million per month

Published Nov. 3, 2021 at 2:56 pm

A photo taken on May 23, 2021, shows a Boeing 737-8AS Ryanair passenger plane (flight FR4978, SP-RSM) from Athens, Greece, that was intercepted and diverted to Minsk on the same day by Belarus authorities, landing at Vilnius International Airport, its initial destination.

Photo by AFP

MINSK – The lost profits of Belarusian airlines from Western sanctions amount to $10 million per month, Belarusian Transport Ministry Aviation Department Director Artem Sikorsky said at a press conference in Minsk on Nov. 3.

“Lost profits consist of several elements, such as the bypass and the loss of markets. We estimate losses at about $10 million per month,” Sikorsky said, adding that he was talking about the overall losses of civil aviation.