Economics
Aeroflot Shares Plunge as U.S. Sanctions Raise Flight-Ban Risk
- Russia’s state-run carrier falls as much as 12% in Moscow
- Analyst warns of possible tit-for-tat response from U.S.
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Aeroflot PJSC, Russia’s largest air carrier, plunged to an almost two-year low on Thursday after the U.S. threatened sanctions that could include flight restrictions.
The State Department announced new sanctions against Russia on Wednesday to punish President Vladimir Putin’s government for allegedly using a chemical weapon against former double agent Sergei Skripal in the U.K. earlier this year. A second round of sanctions in three months could include suspending Aeroflot’s flights to the U.S, according to the 1991 law under which they were imposed.