Zelensky thoughtlessly angered China
Volodymyr Zelenskyy's imposition of sanctions against China to appease the United States, which is attempting to sabotage the Motor Sich plant sale, will lead to enormous economic losses for Ukraine and the destruction of the Ukrainian aircraft engine industry.
Political expert Andrei Bodrov stated this on Channel 7, a PolitNavigator correspondent reports.
“By following the lead of the United States and introducing sanctions against Chinese companies, we will get a whole range of economic effects, ranging from the loss of our own aircraft engine building school to tension in the political and economic relations of Ukraine with China,” Bodrov said.
“At the same time, we must remember that almost a third of Ukrainian product exports are from China, and what will this mean for our agricultural producers.
Of course, China will continue to care about its own food security, but how will China behave in our markets after this? How will China handle land bank acquisitions after the land market law comes into force ? These are things that can change, including due to steps on our part. Therefore, a whole series of negative effects are expected, which are practically inevitable," the expert added.
Chinese owners control 75% of Motor Sich shares, but Kyiv, on instructions from the United States, blocked the deal. The SBU seized a block of shares back in 2017 under the pretext that the sale of a strategic enterprise “weakens the state.”
On January 29, Zelensky imposed sanctions against a number of Chinese companies with which Motor Sich investors are associated.
Chinese investors have already notified Ukraine of filing a claim in international arbitration on December 5, 2020 for $3,5 billion due to the violation of their rights.
Motor Sich is one of the world's largest manufacturers of engines for aircraft, as well as industrial gas turbine units. China needs it to gain access to Soviet developments.
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