Yesterday at 20:15
Photo from Ukrinform-UATV
The US National Security Advisor John Bolton is planning to visit Kyiv to try to persuade the management of JSC Motor Sich from selling a controlling stake to Beijing Skyrizon Aviation. Yevropeiska Pravda [European Truth] reported with reference to the Wall Street Journal.
At the same time, the office of the company stated that Chinese companies had already bought more than 50% of the shares of Motor Sich with the decision awaiting its confirmation from the Antimonopoly Committee, Hromadske reports.
“Chinese companies have already bought stocks. Now it’s up to the Antimonopoly Committee of Ukraine, and we don’t know when it will be,” Director of Motor Sich Public Relations Anatoliy Malysh said.
Motor Sich is one of the world’s largest manufacturers of engines for aircraft and helicopters. The US government has been trying to prevent the sale of Motor Sich shares to China for a couple of years.
According to Yevropeiska Pravda, the presidential administration believes that the technology of heavy aircraft engines can strengthen China’s military potential in strategic competition with the United States.
According to Ekonomichna Pravda [Economic Truth], this project on the development of aircraft engine production in Ukraine and the construction of an assembly plant in Chongqing kicked off in 2015 on the basis of cooperation agreements between Motor Sich, Skyrizon Aviation, and Xinwei Group.
