An unexpected, Trump-like move by Ukraine - Kyiv is imposing sanctions against 4 Chinese companies, the investors of Motor Sich. The sanctions include asset freezes, restrictions on trade operations, cessation of flights & traffic for 3 years.…
After Ukraine's sanctions against Russia, Motor Sich lost its main export market and was in dire need of investments. In 2016, Chinese Skyrizon bought 56% of the company's shares, but Ukraine's Security Service seized them under US pressure.
A good piece, outlining Motor Sich's place in the crossfire, here by @olenalennon…
In December 2020, the investors appealed to international arbitration against Ukraine to recover damages in the amount of $ 3.5 billion due to the seizure of shares and blocking access to the management of the company.
The move will aggravate Kyiv's relations with Beijing. Ukraine remains one of the main suppliers of arms to China and in 2019, China overtook Russia as Ukraine’s largest trading partner. Ukraine also profits from the US-China trade war and is the key supplier of corn.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Dr Maria Shagina

Dr Maria Shagina Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @maria_shagina

24 Jan
The European Commission has published a new strategy that aims to build and reinforce its "open strategic autonomy". What does it mean for EU sanctions? A thread🧵…
What is an "open strategic autonomy"? The Commission defines it as an ability "to promote and defend rules-based multilateralism and develop beneficial bilateral relationships, while protecting itself from unfair and abusive practices." /1
Why is there a need for open strategic autonomy now? The reason lies in a major shift in geopolitics, particularly in the technological sphere. The coronavirus crisis has added to the urgency of strengthening the EU's economic and financial system. /2
Read 13 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!