TSAMTO, November 29. Beijing Skyrizon, a Chinese investor of the Ukrainian company Motor Sich, is seeking compensation for losses from Kiev through a court in The Hague, RIA Novosti reports with reference to the company's statement.
As stated in the document published on the WeChat social network, "as a result of the unfair attitude of the Ukrainian state towards Chinese investors over the past five years and the continuous use of illegal measures, Chinese investors have suffered significant losses both in Ukraine and in China."
"In accordance with the "Agreement between the Government of Ukraine and the Government of the People's Republic of China on attracting and mutual protection of investments", which entered into force on October 31, 1992, Chinese investors demanded that Ukraine be recognized as violating the bilateral investment agreement and pay the plaintiffs full compensation for all losses incurred in the amount of more than $ 4.5 billion," RIA Novosti quotes a statement from Beijing Skyrizon.
It is emphasized that this may not be the final amount.
"We have always followed the laws and regulations in our activities. We strongly oppose the brutal behavior of the Ukrainian government, which abuses the concept of national security, confuses right and wrong, politicizes normal economic and trade practices, abuses state power and unreasonably suppresses Chinese enterprises," the Chinese company added.
As RIA Novosti reminds, the National Security and Defense Council of Ukraine previously decided to return the Motor Sich enterprise to state ownership. After that, Chinese Foreign Ministry spokesman Zhao Lijian demanded that the legal rights of Chinese investors be respected.