Ukraine’s National Security and Defense Council announced on November 11 that Motor Sich, an important Ukrainian military engine manufacturing company, is strategically important for national defense and holds key manufacturing technologies, and has decided to renationalize Motor Sich to prevent it from being annexed by Chinese companies.
Oleksiy Danilov, secretary of Ukraine’s National Security and Defense Council, said on Nov. 11 that “it has been decided to put Madasic back into the hands of Ukrainians” and that the nationalization process will be carried out in a legal manner, with all investors being compensated, so that the key military manufacturing company, which has been privatized for more than 20 years, will be freed from Chinese ownership. The nationalization process will be legal and all investors will be compensated, freeing the key military manufacturing company, which has been privatized for more than 20 years, from Chinese companies.
Foreign media pointed out that the U.S., as the main backer of Ukraine against Russian invasion, could please the U.S., which has long feared that Madasic’s key technologies would flow into the hands of the Chinese Communist Party, and in recent years has constantly opposed China’s Beijing Tianjiao Airlines’ investment in Madasic, despite the fact that Ukraine’s nationalization of Madasic would anger China.
On January 14 of this year, the U.S. blacklisted Chinese company Tianjiao Airlines and accused Tianjiao Airlines of unacceptable risk of predatory investments and key technology acquisitions in Ukraine, the last of which could be used by the Chinese Communist Liberation Army. Just 2 weeks after the U.S. sanctions, Ukrainian President Volodymyr Zelensky signed an executive order on January 29 to 4 Chinese companies and 3 Chinese citizens, including Tianjiao Airlines, with sanctions.
Recent Comments