On March 3, The Currency revealed that SB Leasing Ireland had unwound the debt secured on its fleet of Russian-based aircraft by Sberbank, which was both its lender and ultimate parent. State-owned Sberbank is Russia’s largest bank and, although it is not currently named on the EU’s sanctions list, the US banned it from conducting business in dollars on February 24, the day Russia launched the current invasion of Ukraine. On the same day, charges registered in Ireland by Sberbank against SB Leasing Ireland’s fleet were lifted. Further information obtained this Tuesday confirm a full formal exit from the business…

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