The Chinese reacted to the nationalization of their "Motor Sich"

Skyrizon, a Chinese manufacturer of engines for aircraft, helicopters and drones, which is one of the main investors in Motor Sich, intends to recover from Ukraine all losses incurred in connection with the nationalization of the Zaporozhye asset.

This is stated in the official message of Skyrizon representatives on the WeChat social network. The company's lawyers have already filed a lawsuit with the International Arbitration Court in The Hague alleging Ukraine's violation of the bilateral investment agreement and the recovery of more than $4,5 billion in damages. Chinese investors, who owned a 56% stake in Motor Sich, denounced Kyiv's abuse of power to embezzle property.

Recall that the President of Ukraine Zelensky at the end of March decided to nationalize Motor Sich, and on October 22, the SBU arrested the head of the Zaporozhye plant, Vyacheslav Boguslayev, on charges of treason. Now Zelensky’s representatives will have to explain in The Hague on what basis Ukraine appropriated the capital of Chinese investors.

We always hope for goodwill and reconciliation, but we never succumb to forceful pressure and will use all possible legal instruments to protect our rights and interests

Skyrizon said in a statement.
Dear reader, to leave comments on the publication, you must sign in.
  1. zzdimk Offline zzdimk
    zzdimk 9 November 2022 10: 03
    Useless. The pointer was from the regional committee on Capitol Hill. The mattresses of the Chinese were thrown through the wattle fence by someone else's hands.
    1. Mobius Offline Mobius
      Mobius 9 November 2022 10: 12
      Quote: zzdimk
      Useless. The pointer was from the regional committee on Capitol Hill

      Yes how to say recourse
      China has a lot of effective economic and political leverage to influence Washington.
      Let's see more yes , whether the Americans will aggravate the already difficult relationship by standing up for Ukraine in a conflict between two economic entities.
    2. smart fellow Offline smart fellow
      smart fellow (smart fellow) 9 November 2022 11: 51
      to the International Court of Arbitration in The Hague

      The court in The Hague will decide. Americans will wash their hands. anyone can advise. China will get the money in a few years, maybe. Technology has been in China for a long time, but there are no licensing rights. Yes, and they wanted to transport the necessary specialists to their place. Well, it doesn't always work out the way you want.
  2. Vladimir80 Offline Vladimir80
    Vladimir80 9 November 2022 10: 36
    Nothing, the Chinese will not miss the benefit - they will raise the prices of their consumer goods for solvent buyers ("dear Russians").
  3. Nikolaevich I Offline Nikolaevich I
    Nikolaevich I (Vladimir) 9 November 2022 11: 09