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NSDC To Return Motor Sich To State Ownership In Near Future

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. ....

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Ukraine Imposes Sanctions Against Chinese Investors Of Motor Sich And Related Companies For 3 Years

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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