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Ukraine Imposes Sanctions Against Chinese Investors Of Motor Sich And Related Companies For 3 Years Даша Зубкова
Ukraine imposed sanctions for three years (until January 2024) against Skyrizon Aircraft Holdings Limited (British Virgin Islands), which owns 10% of shares in the largest manufacturer of aircraft engines and gas turbine units Motor Sich (Zaporizhia), Beijing Skyrizon (China) wishing to purchase shares of the enterprise, as well as related companies.
This is stated in Presidential Decree No. 29/2021 of January 28, which enacts the decision of the National Security and Defense Council of Ukraine (NSDC), Ukrainian News Agency reports.
The sanctioned list of legal companies includes Skyrizon Aircraft Holdings Limited and Hong Kong Skyrizon Holdings Limited, owned by Beijing Skyrizon Aviation Industry Investment, Beijing Skyrizon itself, and Beijing Xinwei Technology Group Co., which controls Beijing Skyrizon.
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