As sanctions cripple Russia’s aviation industry, President Vladimir Putin signed a law on Monday allowing foreign-owned aircraft to be re-registered as Russian for domestic use, according to state-run news agency TASS. Russian airlines would have the ability to seize and operate aircraft leased by companies that are no longer operating in the country over sanctions imposed due to the Ukraine invasion, TASS reported. Russian airlines have almost 780 leased jets, with 515 leased from abroad. The new law, part of Russia’s measures to combat the sanctions, says it aims “to ensure the uninterrupted functioning of activities in the field of civil aviation.” TASS reported that the aircraft will be certified using certification centers and test laboratories. The bill has rattled global leasing firms days before a March 28 deadline to repossess aircraft worth $10 billion as a result of Western sanctions imposed following Russia’s invasion of Ukraine. It comes after …