Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Concorde Capital Ukraine: Skyrizon estimates losses from possible MSICH deal failure at USD 3.5 bln

September 07, 2020 | Cbonds

The Chinese company Skyrizon has sent a notice of investment dispute to the Ukrainian government, Unian news agency reported on Sept. 5. In this notice, the Chinese firm urges the government to initiate negotiations and “stop illegal activity” regarding Motor Sich (MSICH UK) and its shareholders. Skyrizon alleges that the Ukrainian government is breaching an agreement on the encouragement and mutual protection of investments concluded between Ukraine and China in 1992. It threatens to sue Ukraine, demanding compensation of total losses of up to USD 3.5 bln, Unian reported.

Recall, Ukraine is refusing to recognize Skyrison as a holder of a controlling stake in Motor Sich since 2017. In 2016, Skyrison reportedly accumulated an over 56% stake in Motor Sich by buying the shares from the company’s president Vyacheslav Boguslayev and his entourage. The U.S. officials are among the fiercest opponents of the deal.

Alexander Paraschiy: The stakes are rising for Ukraine in the Motor Sich story. If this case shifts to a geopolitical battle between China and the U.S., Ukraine will have to choose between the two sides, which could lead to significant losses for the country. But what it can lose for sure is Motor Sich itself.


Share:

Similar news:
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×