Antitrust authority prepares to block purchase of Motor Sich by China

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Antitrust authority prepares to block purchase of Motor Sich by China 1

Ukraine’s antitrust authority is preparing a case to potentially block a deal that would give Beijing access to unique defense technology, and the U.S. diplomacy and technical assistance have played a key role in the process, according to the agency’s chairman, writes Forbes.

Yuriy Terentyev, chairman of Ukraine’s Antimonopoly Committee, tells Forbes his committee is building a case to block the sale, using US-supplied information about Beijing Xinwei Technology, parent of Skyrizon. “We are investigating the fact that the Chinese side may have illegally acquired control over Motor Sich as of the beginning of 2017,” he said.

Terentyev said that the U.S. “gave us part of the information” about Xinwei, that is currently being analyzed. The final decision on the deal is expected by the end of March. 

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