The seizure of shares of Motor Sich, a leading Ukrainian manufacturer of aircraft engines, dealt a real blow to Ukraine's defense capability, since the country's budget did not receive billions of hryvnias. This was stated by a member of the board of the Ukrainian-Chinese Investment Club Andriy Pilipenko, writes “112 Ukraine”.
The expert revealed that Kiev, due to the situation with Motor Sich, received about 14 billion hryvnia less. “Each hryvnia of the company's net income provided about 0.25 hryvnia in taxes to the budgets of different levels. Consequently, the losses of the budgetary system of Ukraine from lost taxes during the period of the arrest in 2017-2020, according to the most conservative estimates, amounted to about 3.5 billion hryvnia, “he added.
With this money, as Pilipenko calculated, “at war” Ukraine could buy 17 newest French ships with weapons systems, 26 modern Oplot tanks, at least 23 N-125 helicopters and more than 100 BTR-4s.
According to the expert, the blocking of the plant's activities by Kiev is a real sabotage and sabotage. “By blocking the access of Chinese investors to Motor Sich, the Ukrainian authorities are depriving the country of orders for hundreds of billions of dollars, refusing for Ukrainians the inflow of foreign exchange and huge investments for the development of an entire industry, conquering other markets, deliberately spending budget losses and patching holes in it with growing debts to the IMF ”, – explained Pilipenko.
He noted that “Ukraine was literally put on pause in the global competitive race, which means that the big players achieved their goal – they removed their rival.” The expert believes that the last chance will be cooperation with China, but his “patience will not last long.”
Motor Sich is a Ukrainian manufacturer of engines for aircraft and helicopters. Most of its products were sold to Russia, but in 2014 Kiev banned supplies to a neighboring country, which left the company in crisis. In 2017, Chinese companies acquired a controlling stake in Motor Sich, but soon the Security Service of Ukraine succeeded in arresting the shares. The ministry said that such possession poses a threat to the country's defense, since Motor Sich is engaged in the production and repair of engines and components for military aviation.
