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 To Return Motor Sich To State Ownership In Near Future Таня Герасимова
The National Security and Defense Council (NSDC) has made a decision according to which Motor Sich (Zaporizhia), the largest manufacturer of aircraft engines and gas turbine units, will be returned to state ownership in the near future.
NSDC Secretary Oleksii Danylov announced this at a press conference, Ukrainian News Agency reports. According to this decision, the Motor Sich enterprise will be returned to the Ukrainian people, the Ukrainian state in a legal constitutional way in the near future, he said.
Danylov noted that such a decision was made as part of the consideration of the issue at a meeting of the NSDC on March 11 on the status of implementation of the NSDC decision of March 1, 2018 on urgent measures to protect national interests in the field of aircraft construction.
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.
SBU conducts investigative actions at place of illegal meeting of participants in MS-4 LLC 2 min read
The Security Service of Ukraine (SBU) carried out investigative and search actions at the place of announcement of the meeting of participants in MS-4 LLC in Zaporizhia. The Security Service of Ukraine is carrying out court-sanctioned investigative and search actions in Zaporizhia at the address of the announcement of a general meeting of participants in MC-4 LLC, the SBU said on Facebook on Sunday, January 31.
Law enforcers recorded probable illegal actions by representatives of DCH and Skyrizon Aircraft Holdings Limited (British Virgin Islands), which are associated with the establishment of control over JSC Motor Sich. The facts of preparation for the destruction of the production facilities of the enterprise were recorded.