Investors file case over Motor Sich investment
Chinese investors have brought a $3.5 billion arbitration case against Ukraine for blocking the sale of a strategic aircraft engine maker whose fate Washington is closely following. The Chinese investors behind Skyrizon filed the arbitration case earlier this month, accusing Kyiv of expropriating its investment in Motor Sich after the government froze its shares in the company, the Kyiv Post reported December 17. Motor Sich owner Vyacheslav Bohuslayev agreed in 2017 to sell a majority stake in the company to Skyrizon, triggering concerns in Kyiv and Washington over the transfer of its advanced technology to Beijing. Former national-security adviser John Bolton told Ukrainian officials last year during a trip to Ukraine in 2019 that the U.S. opposes the sale of the company to China. Secretary of State Mike Pompeo reiterated that message this year.