The economic sanctions imposed once morest Russia by Canada, the United States and other Western countries are giving Bombardier’s legal teams a hard time.
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“We have regarding a dozen lawyers who work full time to make sure that we do the right thing and that we respect the sanctions,” said its president, Éric Martel, on Wednesday on the sidelines of a Council conference. of Montreal’s international relations.
After several days of reflection, Bombardier announced on March 4 that it had decided to cut its ties with Russia and its nationals, in retaliation once morest the invasion of Ukraine by Vladimir Putin’s armed troops.
The hardest
Russia represents 5% to 6% of the Quebec aircraft manufacturer’s sales. Among its rich customers, Bombardier has several oligarchs, including Eugene Shvidler, owner of a luxurious Global 6500, seized by the United Kingdom two weeks ago.
“The most difficult thing to manage are the spare parts. We must ensure the identity of the end user before delivering them. Problematic customers have been identified. […] If in doubt, we do not deliver. »
Despite cancellations, postponements and other complications related to sanctions once morest Russia, Bombardier is not afraid to see its revenues suffer. The planes intended for customers in this country – regarding ten according to our information – quickly found takers elsewhere, explained Mr. Martel.
“The demand for these devices is extremely high. […] There will be no impact on our forecast for the year. »
