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Ukraine Antagonises China, While Pleasing the US

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

NSDC Secretary: Motor Sich enterprise to be returned to Ukrainian people

NSDC Secretary: Motor Sich enterprise to be returned to Ukrainian people 4 min read Motor Sich PJSC will soon be legally returned to the ownership of Ukraine, said Oleksiy Danilov, Secretary of the National Security and Defense Council (NSDC) of Ukraine. "... We are talking about the Motor Sich enterprise in Zaporozhia. To date, a decision has been made according to which the Motor Sich enterprise will be returned to the Ukrainian people. It will be returned to the ownership of the Ukrainian state in a legal, constitutional way in the near future," Danilov said at a briefing on Thursday following the results of the NSDC meeting.

Ukraine: Imposition of new set of Sanctions Affecting Chinese Investors, Media Companies and other parties

Ukraine: Imposition of new set of Sanctions Affecting Chinese Investors, Media Companies and other parties Between 28 January and 2 February 2021, the president of Ukraine enacted1 three decisions of the National Security and Defense Council of Ukraine imposing personal special economic and other restrictive measures. 161 1 three decisions of the National Security and Defense Council of Ukraine (“ Sanctions Decisions“) imposing personal special economic and other restrictive measures (sanctions). The Sanctions Decisions target the following parties: Chinese nationals Wang Jing, Du Tao, Cheng Huisheng and companies Skyrizon Aircraft Holdings Limited, Hong Kong Skyrizon Holdings Limited, Beijing Skyrizon Aviation Industry Investment Co. Ltd., Beijing Xinwei Technology Group Co. Ltd. and Twinstar Holdings S.A. (“

Chinese Investors Seek $3.6 Billion Compensation from Ukrainian Moto Sich

UAWire - Ukraine slams sanctions on Chinese Morot Sich investors

UAWire  Saturday, January 30, 2021 4:03:00 PM Ukraine has imposed three-year sanctions against the Chinese company Skyrizon, which, together with Ukrainian businessman Alexander Yaroslavsky, is trying to buy the Ukrainian company Motor Sich, one of the largest engine manufacturers for airplanes and helicopters worldwide. According to a resolution of the Ukrainian National Security and Defense Council, sanctions were imposed on Skyrizon Aircraft Holdings Limited (British Virgin Islands), Hong Kong Skyrizon Holdings Limited (Hong Kong), Beijing Skyrizon Aviation Industry Investment Co., Ltd (China), Beijing Xinwei Technology Group Co., Ltd (China), and Chinese tycoon Wang Jing. Restrictions imposed by this resolution include asset freezes, restrictions on trading operations, a ban on the transit of resources and flights, a ban on funds withdrawals from Ukraine, a ban on transactions with securities of these companies, a ban on increasing the share capital of the companies they own in Ukraine, cancellation of visas and cancellation of visits.

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.

Ukraine imposes sanctions against Chinese national, four companies

Tuesday, 23 March 2021, 11:32 Ukraine imposes sanctions against Chinese national, four companies - NSDC decision 29.01.2021 13:52 Ukrinform Ukraine has imposed three-year restrictive measures against a Chinese national, three Chinese companies, and a company from the British Virgin Islands. Such data are contained in the annexes to Presidential Decree No. 29/2021 enacting the National Security and Defense Council (NSDC) decision of January 28 "On the introduction of amendments to the National Security and Defense Council of Ukraine decision of December 14, 2020, enacted by Decree of the President of Ukraine No. 564-27t of December 14, 2020." The annexes were published on the website of the head of state on Friday.

Ukraine imposes sanctions against Chinese investors of Motor Sich

Ukraine imposes sanctions against Chinese investors of Motor Sich 2 min read Citizen of China Wang Jing and affiliated Beijing Xinwei Technology Group Co., Ltd; Beijing Skyrizon Aviation Industry Investment Co., Ltd (both based in Beijing); Skyrizon Aircraft Holdings Limited (the British Virgin Islands) and Hong Kong Skyrizon Holdings Limited (Hong Kong), which have been trying in recent years to realize the rights of PJSC Motor Sich shareholders in Ukraine, have been included in the sanctions list of Ukraine. According to the decision of the National Security and Defense Council (NSDC) and the decree of President of Ukraine Volodymyr Zelensky dated January 28 (No. 29), the sanctions imposed on them for three years provide, in particular, the blocking of assets, restriction of trade operations, partial or complete cessation of transit of resources, flights and transportation on the territory of Ukraine.