Russia has lifted a ban for Swiss International Air Lines to fly through its airspace imposed apparently in legal dispute over a Russian investor last March.This content was published on January 9, 2011 - 11:51
The Swiss company confirmed reports that its aircraft are again allowed to enter Russian airspace since January 1 following an agreement between the aviation authorities of both countries.
The ban had affected Swiss’ flights to Shanghai and Hong Kong, resulting in longer journeys and higher fuel costs.
A year ago the Swiss finance ministry decided to fine Russian billionaire Viktor Vekselberg’s holding firm Renova SFr40 million ($41.4 million) for violating stock market regulations.
However, a court cleared Vekselberg of the accusations in September.
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