Contents tagged with China
Chinese investors of Motor Sich increase amount of lawsuit against Ukraine to $3.6 billion
Chinese investors of the Ukrainian aircraft engine manufacturer, Motor Sich, increased the amount of arbitration lawsuit against Ukraine by $100 million dollars, to 3.6 billion dollars.
"The increase in the amount of preliminary claims is due to the fact that the initial group of plaintiffs was expanded to include several other Chinese shareholders, who also suffered significant losses as a result of Ukraine's actions in violation of its international obligations," reads the statement on Motor …
Ukraine slams sanctions on Chinese Motor Sich investors
Ukraine has imposed three-year sanctions against the Chinese company Skyrizon, which, together with Ukrainian businessman Alexander Yaroslavsky, is trying to buy the Ukrainian company Motor Sich, one of the largest engine manufacturers for airplanes and helicopters worldwide.
According to a resolution of the Ukrainian National Security and Defense Council, sanctions were imposed on Skyrizon Aircraft Holdings Limited (British Virgin Islands), Hong Kong Skyrizon Holdings Limited (Hong Kong), …
China scooping up bankrupt Russian defense companies
Russian media, citing informed sources, reports a sharp increase in the activity of the Chinese authorities in the Russian Federation. The sources said that Russian special services are investigating purchases through front persons of Russian defense companies and holdings, which are going through bankruptcy.
This allowed China to gain access to some of the technologies that have been previously de facto closed to it. The seizure of the Saratov Aviation Plant and the Volgograd Shipbuilding …
Chinese investors prepare to sue Ukraine for $3.5 billion over Motor Sich
Chinese companies Skyrizon and Xinwei Technology, which own shares in the Ukrainian aviation company "Motor Sich" hired three international law firms to sue Ukraine for 3.5 billion dollars, reported Ukrainian partner of these Chinees companies, DCH Investment Management, which is owned by the Ukrainian oligarch Oleksandr Yaroslavskyi.
The law firms WilmerHale, DLA Piper и Bird & Bird will be representing the Chinese side. The law firm Arzinger will be an advisor on Ukrainian law.
The Chinese …
China bans entry to Russians amid COVID-19 pandemic
Amid deteriorating epidemiological situation in Russia, Beijing has decided to restrict access to Russians entering China. The restrictions apply to Russians holding valid Chinese visas or residence permits, said the Chinese Embassy in Moscow.
The entry to China will be prohibited also to Russian citizens who were going there for personal or family reasons. The measures will not affect persons with diplomatic and service visas, as well as category C visas.
On November 5, the daily increase of …
Serbia buys Chinese air defense systems
The Serbian Armed Forces have bought three Chinese FK-3 anti-aircraft missile systems, an export version of China's H-22 medium-range air defense system.
The FK-3 has a range of up to 100 km while H-22 has a range of 150-170 km.
Serbia became the first foreign buyer of China's FK-3 air defense system, local media reported.
Earlier, it was reported that the Serbian Defense Ministry purchased the Pantsir-S air defense system from Russia and intended to purchase the S-400 Triumph anti-aircraft …
China blocks Putin's Article on World War II
The Chinese translation of the article "75th Anniversary of the Great Victory: Shared Responsibility to History and our Future," in which Putin justifies the Molotov-Ribbentrop pact, holds the Polish leadership responsible for Hitler's attack on the country and calls the Baltic countries' accession to the USSR legal, appeared on the Chinese version of the Sputnik website (part of the "Russia Today") on June 20.
According to the news outlet Meduza, the article was blocked on the same day and, …
Russia suspends deliveries of S-400 missiles to China
Russian newest S-400 air defense systems, acquired by China several years ago, were left without anti-aircraft guided missiles because Russia decided to stop supplying these weapons to China, reports the Chinese newspaper Sohu. The Russian side could not name the timing for the resumption of deliveries. It has been almost five months since the supplies have stopped.
"This time, Russia announced the postponement of the delivery of missiles for the Chinese S-400 system. To a certain extent, we …
Russian aircraft carrier Admiral Kuznetsov rusted beyond repair
Russian aircraft carrier Admiral Kuznetsov, which is currently the only Russian aircraft carrier in service, contrary to the intended repair, "broke" even more in a year. Judging by satellite images published by the Chinese publication Sohu, there has been no repairs done on the warship yet. However, in one a year, its deck has rusted significantly so that it became noticeable even from outer space.
Satellite images show that there is no real progress in repairing the admiral Kuznetsov …
EU to impose sanctions against Russia, China and North Korea for cybercrimes
The European Union has prepared sanctions against Russia, China and North for cybercrimes against a number of countries. The security agencies of Russia, China and North Korea fell under the EU restrictions.
“EU ambassadors have today decided to adopt asset freezes against Russia's GRU military intel & the intel services of China and NorthKorea over the cyberattacks WannaCry, NotPetya & Cloud Hopper. there will also be visa bans & asset freezes on 6 Russian & Chinese officials,” reported …