KIEV, May 10 – Ukrainian special-purpose exporters are alarmed at the threat of failure of a large contract with China worth over $300 million and want their country’s leaders to remove the legal obstacles to the deal, according to Vitaliy Kryvenko, director general of the Feodosia-based OJSC Morye shipyard (Crimea).

He said that the realization of a contract signed by the Ukrspecexport state-run enterprise in 2009 to build and supply small landing hovercraft made at the Morye shipyard to China was under the threat of a default due to the application of a law on state procurement to defense industrial companies.