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Legislation being Prepared to Bring Motor-Sich Back under Government Control

The draft legislation will presumably be used in negotiations with China
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A legislation that would decide the future of one of Ukraine’s strategic industries will be formally submitted to parliament this week
A legislation that would decide the future of one of Ukraine’s strategic industries will be formally submitted to parliament this week

A bill that would allow the Ukrainian government to take Motor-Sich, Ukraine’s top-leading manufacturer of air engines back into state ownership is awaiting to be formally submitted for consideration at the Verkhovna Rada – Ukraine’s national legislature soon

This was announced by David Arahamiya, the head of parliamentary group of People’s Servant, as quoted by Economichna Pravda (Economic Truth) outlet.

"This week we are going to submit to parliament a draft legislation on nationalization of Motor Sich. As you know, [individual] Chinese companies have come under sanctions. This is a matter of the country’s ability to defend itself. The legal status of this company needs to be streamlined," Mr Arahamiya has said.

Read more: Ukraine’s Motor Sich awarded $800 million contract to support Chinese JL-10 trainer fleet

This would be "part of the situation in relations with China; negotiations must be held,” he went on to say.

"But I think we need to get the bill formally submitted to parliament, because the Company’s legal status is not yet fully defined. Tens of thousands of people are employed there; they are requesting us that the status and future of this enterprise should be defined," said the leader of the ruling party faction.

Read more: Euronews: Ukraine has Sided with the U.S. over Motor Sich Case