GTLK explained

GTLK (Russian: Государственная транспортная лизинговая компания, ГТЛК; English: State Transport Leasing Company) is Russia's largest leasing company.[1] Its offices are in Salekhard, Yamalo-Nenets Autonomous Okrug, Russia.[2]

In April 2022, GTLK was added to the British government's and EU sanctions lists, in relation to the 2022 Russian invasion of Ukraine.[3] [4] GTLK accounts were blocked, restrictions were placed on the export and import transactions of the company and its subsidiaries, and a ban on access to EU ports was introduced against the group of ships under the control of the group. As a result, GTLK received a record loss of 55.8 billion rubles in 2022.[5]

Notes and References

  1. Web site: 2022-03-07 . US sanctions target Russia's state-backed leasing companies . 2022-04-21 . Leasing Life . en-US.
  2. Web site: State Transport Leasing Company (GTLK) Lessor Profile CAPA . 2022-04-21 . centreforaviation.com.
  3. Web site: New sanctions targeting Putin’s war leaders . 2022-04-21 . GOV.UK . en.
  4. Web site: EU sanctions GTLK, head of UAC . 2022-04-21 . ch-aviation . en.
  5. Web site: Крупнейший российский собственник самолетов показал рекордный убыток. 2023-04-12. rbc.ru.