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Russia holds half of Ethiopian's $90mn blocked funds
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Russia holds half of Ethiopian's $90mn blocked funds
Ethiopian Airlines (ET, Addis Ababa International) has USD90 million in ticket revenue awaiting repatriation from overseas markets, including USD45 million blocked in Russia because of financial sanctions imposed after the war in Ukraine, according to CCO Lemma Yadecha. Speaking to Addis Ababa-based The Reporter magazine, he said sanctions restricting Russian banks' access to the SWIFT international payments network have prevented Ethiopian Airl…
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