KYIV, March 9 – Chinese buyers of shares in Motor Sich violated their obligation to invest $250 million in 2018 and obtain permission from the Antimonopoly Committee of Ukraine (AMCU), President of Motor Sich Viacheslav Bohuslayev said.

However, it would be ‘impractical’ to completely nationalize the company as has been suggested by several lawmakers, he said. Ukraine will be better off allowing the Chinese group to control 35% stake in the company, with the state owning the controlling stake.