CHINESE INVESTOR IN MOTOR SICH CRITICISES UKRAINE’S SANCTIONS

On 1 February, Interfax Ukraine reported that a Chinese shareholder in Ukraine aero-engine maker Motor Sich PJSC, has said that it considers the sanctions imposed by Ukraine against it and related persons for 3 years to be unreasonable and calls them the main goal of preventing investments in Motor Sich.  Skyrizon Aviation Industry Investment Company is also on the US Military End-User (MEU) List and subject to US export controls.  On 29 January, it was reported that Ukraine had imposed sanctions on the Chinese aviation company, which had sought to acquire control of Motor Sich.

https://en.interfax.com.ua/news/investments/720373.html

Meanwhile –

UKRAINIAN SECURITY SERVICE RAIDS AERONAUTICS COMPANY’S BOARD MEETING

On 31 January, Rferl reported that Ukraine’s state security service (SBU) is investigating a shareholder meeting of Motor Sich, the maker of jet engines for the defence industry, after the government had imposed sanctions against Chinese investors seeking to purchase a stake in the company.  Law enforcement raided Motor Sich as a board meeting was scheduled.  The US had been pressuring Ukraine to block the sale of the defence company to companies in China.

https://www.rferl.org/a/ukraine-raids-motor-sich-board-meeting-chinese-investors-sanctions/31078973.html

 

 

 

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: