The aircraft are Gulfstream executive jets, favored by jet-setting business people for their long range and plush interiors. “He’s sanctioned, his companies are sanctioned, he has to return the aircraft. He has to early-terminate the leases, under sanctions rules,” he said, without specifying which sanctions rules applied in this case. Non-US companies can also be punished by Washington if it deems they have engaged in significant transactions with a sanctioned entity. The G550 jets have a range of 12,500 km (7,770 miles) and can come fitted with options such as a private stateroom and hand-tailored leather seats.

Source: bd News24 May 10, 2018 17:15 UTC