You're reading: The Moscow Times: Russian oligarch gives up private jets following US sanctions

Russian tycoon Oleg Deripaska has handed back three private jets he was leasing because U.S. sanctions imposed on him last month make it impossible to keep using the planes, the firm retained by the owners to sell the aircraft said on May 10.

The aircraft are Gulfstream executive jets, favored by jet-setting business people for their long range and plush interiors. They are now on sale, with the asking price for two of them set at $29.95 million each.

Read more here.