Russian Prime Minister Dmitry Medvedev has warned that if the US and EU continue with their increasing sanctions on the country and government, acknowledging the energy industry specifically, they can and will return with their own sanctions that will affect the flight routes over the region. Closing the airspace to what the Prime Minister calls "unfriendly" nations will result in increased costs for airlines and could even cause some small business to go bankrupt.
"Flying over Russian airspace saves Western airlines headed to Asia at least 4 hours of flight time, which adds up to about $30,000 per flight."
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