Analysts see the Ukrainian decision to seize the assets of aerospace company Motor Sich as a sign of Kyiv’s increasing confidence in favouring Washington’s interests over that of its other key ally, China.
On March 11, the National Security and Defense Council of Ukraine (NSDC) announced the nationalisation of Motor Sich, one of the world’s leading manufacturers of aircraft engines and gas-turbine installations. On March 20, its assets were seized and transferred to the Asset Recovery and Management Agency of Ukraine (ARMA) for management.
In 2016, Beijing Skyrizon Aviation Industry Investment bought 76 per cent of shares in Motor Sich from its owner Vyacheslav Boguslaev.
Chinese Foreign Ministry urges Ukraine not to politicize cooperation of Chinese companies with Crimea interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.
NSDC Secretary: Motor Sich enterprise to be returned to Ukrainian people 4 min read
Motor Sich PJSC will soon be legally returned to the ownership of Ukraine, said Oleksiy Danilov, Secretary of the National Security and Defense Council (NSDC) of Ukraine. . We are talking about the Motor Sich enterprise in Zaporozhia. To date, a decision has been made according to which the Motor Sich enterprise will be returned to the Ukrainian people. It will be returned to the ownership of the Ukrainian state in a legal, constitutional way in the near future, Danilov said at a briefing on Thursday following the results of the NSDC meeting.
Ukraine: Imposition of new set of Sanctions Affecting Chinese Investors, Media Companies and other parties
Between 28 January and 2 February 2021, the president of Ukraine enacted1 three decisions of the National Security and Defense Council of Ukraine imposing personal special economic and other restrictive measures.
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1 three decisions of the National Security and Defense Council of Ukraine (“
Sanctions Decisions“) imposing personal special economic and other restrictive measures (sanctions).
The Sanctions Decisions target the following parties:
Chinese nationals Wang Jing, Du Tao, Cheng Huisheng and companies Skyrizon Aircraft Holdings Limited, Hong Kong Skyrizon Holdings Limited, Beijing Skyrizon Aviation Industry Investment Co. Ltd., Beijing Xinwei Technology Group Co. Ltd. and Twinstar Holdings S.A. (“
Chinese Investors Seek $3 6 Billion Compensation from Ukrainian Moto Sich defenseworld.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenseworld.net Daily Mail and Mail on Sunday newspapers.