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Ukroboronprom seeks to manage Motor Sich assets after nationalization
Journal Staff Report

KYIV, March 22 – The Ukrainian state defense concern Ukroboronprom has written to the Asset Recovery and Management Agency of Ukraine (ARMA), stating its readiness to take control of the assets of the Motor Sich enterprise in order to retain its potential, Ukroboronprom's Director General Yuriy Husev said on Saturday.

"I consider preservation of Ukrainian Motor Sich to be a matter of national security. Ukroboronprom already sent a letter to the ARMA of its readiness to act as the manager of assets of the joint-stock company Motor Sich for the purpose of preserving its potential. As a state defense concern, it is important for us that Motor Sich continues operating: keeping jobs, fulfilling obligations under production contracts. And our team is ready to support the enterprise," Husev was quoted by Ukroboronorom's press service as saying.




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