Ambassador: Japan praises NSDC’s decision on Motor Sich

"Japan praised our decision on Motor Sich. Nobody hid this during my official high-level meetings. We knew that Japan was concerned about this issue, and it is very good that these decisions were made," Ambassador of Ukraine to Japan Serhiy Korsunsky said during online discussion "US-Japan Security Alliance: Possible Tips for Ukraine" on Monday, an Ukrinform correspondent reports.

He added that he had been monitoring the situation around Motor Sich for a long time and believed that "a huge nonsense has been done with this whole story", so he personally also supports the return of the company to the ownership of the Ukrainian state.

The diplomat also expressed the belief that Ukraine needed to strengthen the security dialogue with Japan

In this context, the ambassador informed that discussion "local Japan or global Japan" was being held in Japan.

According to Korsunsky, a similar discussion "local Ukraine or global Ukraine" would be useful for our country to determine whether we want to be part of a democratic camp that "really creates our common future, or whether we try to pick up some illusory benefits from China ".

"If we say that we are part of a democratic world, that the United States is our main security provider, it is impossible to even imagine a different context, then we must understand that everything that concerns China will be very meticulously considered by our allies and partners in G7 and G20. Because any transfer of technology, any cooperation, which could disturb the balance of power in terms of security, will be considered very ill," the Ambassador of Ukraine warned.

As reported, on March 11, Ukraine's National Security and Defense Council adopted a decision to return the Motor Sich enterprise to state ownership.

Earlier, Ukraine imposed three-year restrictive measures on Chinese citizen Jing Wang and three Chinese-based companies. The sanctions also targeted a company from the British Virgin Islands.

On January 8, President Volodymyr Zelensky enacted the NSDC decision on the application of personal special economic and other restrictive measures.

In January, the U.S. Department of Commerce imposed sanctions on China's Skyrizon Aircraft Holdings Limited, an investor in Ukraine's Motor Sich. Commerce Secretary Wilbur Ross said the United States wanted to warn exporters that Skyrizon had close ties to the Chinese army.

On August 6 last year, the Antimonopoly Committee of Ukraine announced that it would assess the sale of Motor Sich for compliance with competition law.

On September 4, 2020, Chinese investors in Motor Sich submitted a Notice of Investment Dispute to the Ukrainian Justice Ministry regarding their intention to apply to an international arbitration court to recover $3.5 billion in losses from Ukraine. The working group on pre-arbitration settlement also includes a representative of the Antimonopoly Committee of Ukraine.

It emerged in November that Chinese investors in Motor Sich had hired three law firms for the $3.5 billion lawsuit against Ukraine.

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