Home
Latest images
Register
Log in
Rodion_Romanovic
PapaDragon wrote:Rodion_Romanovic wrote:http://www.donbass-insider.com/2020/11/20/sale-motor-sich-to-china-ukraine-to-lose-3-5-billion-to-us/
China is suing the Ukraine for the losses due to delays and lack of motor sich sales, and they are asking 3.5 billions US dollars!
The Ukraine is willing to pay $3.50
Well in the article they are mentioning
The law firms hired by the Chinese are considered to be the best in the field of arbitration and law. Their services are very expensive and the losing party will have to pay their fees. And considering the law firms involved, we are talking about several million dollars, which will be added to the 3.5 billion dollars that Ukraine is sure to have to pay, as it has no chance of winning the dispute against the investors.
Indeed, Ukraine had no legal grounds to prevent investors from taking possession of their property, as Motor Sich is a private company that can dispose of its shares as it wants.
To put it plainly, the SBU acted completely illegally, since Ukrainian laws prohibit the state from interfering in the affairs of private companies.
And in view of Ukraine’s catastrophic financial situation, it is hard to see how Kiev is going to find enough money to reimburse Chinese investors for their losses. Especially since Ukraine will not be able to ignore the verdict of the international arbitration, as this would put it in the position of a rogue state, leading to its economic and political isolation and totally cutting off access to any Western investment and loans. Without money from the West, Ukraine will cease to exist.
Kiev will therefore surely have to beg for a new IMF loan to repay this new debt. A new loan for which it will be necessary to pay the interests, but also the counterpart which will hurt the whole Ukrainian population. There is no doubt that the IMF will once again demand increases in the tariffs for communal services (gas, electricity), or another law like the one authorising the sale of agricultural land, in order to finish pillaging Ukraine so that it can pay back China.
According to it, the Chinese have good chances of winning, and that would deprive the Ukrainians either of a lot of money or completely to the access to the only remaining available market (for them).
Concerning the part that I marked in bold, I do not know whether it is true or not... in a normal country the sale of controlling shares of strategic companies should be prohibited but the Ukraine is not a functioning entity.
