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KYIV Ukraine will take aerospace company Motor Sich back into state ownership in the near future because of its strategic importance to national security, top security official Oleksiy Danilov told a briefing on Thursday.
Motor Sich was privatized two decades ago and the United States and China have tussled over its fate, posing a dilemma for Ukraine which relies on Washington as its biggest military aid donor but is seeking to forge deeper commercial ties with Beijing.
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By Reuters Staff
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KYIV, March 11 (Reuters) - Ukraine will take aerospace company Motor Sich back into state ownership in the near future because of its strategic importance to national security, top security official Oleksiy Danilov told a briefing on Thursday.
Motor Sich was privatised two decades ago and the United States and China have tussled over its fate, posing a dilemma for Ukraine which relies on Washington as its biggest military aid donor but is seeking to forge deeper commercial ties with Beijing.
“А decision has been made according to which the Motor Sich enterprise will be returned to the Ukrainian people, will be returned to the ownership of the Ukrainian state in a legal, constitutional way,” said Danilov, secretary of Ukraine’s Security and Defence Council.
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