Ukraine president approves sanctions against China's Skyrizon
Ukrainian President Volodymyr Zelenskiy on Friday signed a decree imposing sanctions on the Chinese aviation firm Skyrizon, which has sought to acquire control of the Ukrainian aerospace company Motor Sich, a statement said. The United States has opposed Chinese investors acquiring Motor Sich and in the final days of the administration of President Donald Trump, Washington added Skyrizon to a Military End-User (MEU) List over its ability to develop military products including aircraft engines, restricting its access to U.S. exports.
The sanctions block the company's assets, restrict their trading operations and prevent it from moving capital outside of Ukraine.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
UK's Cameron to meet Blinken, Trump while pressing US Congress on Ukraine aid
Ukraine says it destroys all 20 drones launched by Russia
Russia says it destroys Ukraine anti-ship missile, downs four drones
Ukraine struck Russian aviation factory in Voronezh region, Ukrainian spy source says
Ukraine says it destroys 20 drones launched by Russia overnight