Facebook Pixel

Uruskyi explained how control over Motor Sich will be established

The Ukrainian government will not nationalize the aircraft engine plant Motor Sich, but will try to get a controlling stake in the share capital.

Oleg Uruskyi, the Deputy Prime Minister for Strategic Industries of Ukraine, told this to Uaprom.info.

"We are not talking about nationalization. It is about state control over a strategic enterprise," Uruskyi said.

According to the Deputy Prime Minister, to establish control over the enterprise, the state can acquire a share in its capital.

"I think that additional capitalization of Motor Sich will be carried out and, ultimately, the state will have a controlling stake," he said and added: "All this is still at the stage of discussion and analysis."

At the same time, Uruskyi expressed doubt about the participation of the state concern Ukroboronprom in the management of the plant, referring to the fact that it itself is in the process of transformation.

Context. Members of the Servant of the People party started talking about preparing a bill on the nationalization of the enterprise following up upon the Pesident's decision.

As is known, on March 23, President Volodymyr Zelenskyy put into effect the NSDC decision to return Motor Sich to the state. The court subsequently seized 100% of the company's shares, over which Chinese investors linked to Skyrizon Aircraft Holdings had tried to establish control over the past five years.

Join us on social networks!
Thank 🎉