The Russian government has pledged to provide airlines with 'fully Russian' counterparts to Boeing and Airbus by 2030, but these plans seem dubious. In the meantime, airlines are being forced to operate aircraft that they refused to return to lessors after the war began. Spare parts for these planes continue to be imported through parallel channels, yet the volumes of these only cover a small portion of those required.

In April, Russia exported more oil than it has since the beginning of its full-scale invasion of Ukraine, according to the International Energy Agency. India and China accounted for 80% of these exports. However, these revenues lagged behind last year's figures as oil prices are currently significantly lower than they were then. The Russian budget has suffered even more severely.

Russian authorities promise to provide airlines with “entirely Russian” equivalents of Boeing and Airbus by 2030, but these plans are in doubt. In the meantime, air carriers will have to operate aircraft that they refused to return to their lessors after the start of the war. Spare parts for them continue to be supplied through parallel imports, but their volumes cover only a small part of the needs.

In April, Russia exported a record amount of oil since the start of the war, the International Energy Agency calculated. India and China received 80% of exports. Revenue, however, lags behind last year’s – oil is now much cheaper. Budget revenues suffered even more. And although the situation with them will improve after new rules for calculating prices for Urals for tax purposes came into effect, it is unlikely that it will be possible to obtain the revenues provided for in the 2023 budget.