Aeroflot shares rise 5% amid easing of EU sanctions on aviation products

Aeroflot shares jumped 5% on Thursday afternoon after the European Union announced the easing of restrictive measures against aircraft products for the Russian aviation industry.

Aeroflot shares rose to 27.94 rubles (+5%) on the Moscow Exchange by 15:09, the trading volume exceeded 288 million rubles.

The EU, within the framework of the seventh package of anti-Russian sanctions, simplifies transactions with Russian agricultural products and the transportation of oil to third countries, undertakes not to take measures that threaten food security, according to a communiqué of the EU Council published on Thursday. The EU also announced the easing of restrictive measures regarding aviation goods.

„Russian technical assistance on aviation goods and technologies will be permitted to the extent necessary to maintain the technical and industrial standards established by the International Civil Aviation Organization,” the statement said.