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Ukraine Issues Sanctions against Chinese Companies

According to the Ukraine’s official website, on January 29, Ukraine President Volodymyr Zelensky approved the decision of the National Security and Defense Council of the Ukraine (NSDC) to sanction the Chinese legal persons and individuals that invested in the Ukrainian aerospace company Motor Sich. The sanctions will take effect immediately.

Four Chinese companies — Skyrizon Aircraft Holdings Co., Ltd, Hong Kong Skyrizon Holdings Co., Ltd, Beijing Skyrizon Aviation Industry Investment Co., Ltd, Beijing Xinwei Technology Group Co., Ltd. — along with a Chinese citizen, Wang Jing, born on December 24, 1972, had restrictive measures imposed on them for a period of three years.

The sanctions on Wang also include freezing his assets and temporarily restricting the use, trade and disposal of his property. The order partially or completely suspended his assets from being transported across Ukrainian territory. Wang’s visa status is revoked, and there is a ban on his entering Ukrainian territory.

Skyrizon Aircraft is the company (legal person) that invested in Motor Sich.

At the end of last year, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) added China’s Skyrizon Aircraft to a Military End-User (MEU) List over its ability to develop military products including aircraft engines. The list includes 58 Chinese and 45 Russian companies.

Source: Sputnik News, January 29, 2021