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Kiev blocks Chinese bid for engine manufacturer Motor Sich

By Greg Waldron2021-02-03T10:04:00+00:00
Ukrainian president Volodymr Zelensky appears to have shut down China-backed firm Skyrizon’s long-running effort to acquire engine maker Motor Sich.
On 29 January, Zelensky approved presidential decrees sanctioning Skyrizon and its chairman, Wang Jing.
Source: Greg Waldron/FlightGlobal
Motor Sich powers the Antonov An-124
The sanctions relating to Wang apply for three years, and block his right to use and dispose of assets in the Ukraine, in addition to restricting his ability to travel to or within the country.
Another decree applies similar limitations to four entities connected with Wang: Skyrizon Aircraft Holdings, Hong Kong Skyrizon Holdings, Beijing Skyrizon Aviation Industry Investment, and Beijing Xinwei Technology Group. ....

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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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