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                        THURSDAY, APRIL 25, 2024
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No plans for govt to invest in Motor Sich aircraft engine maker: source
Journal Staff Report

KYIV, Feb 26 – Motor Sich does not have information about plans of the state to invest in the company, which were presented in mass media by top managers in the defense industry, as well as about the possible participation of the state in capitalization of the company, Head of the supervisory board of Motor Sich Anatoliy Malysh has told Interfax-Ukraine.

"Neither the Economic Development and Trade Ministry, nor Ukroboronprom have today informed Motor Sich of any investment plans for our projects and programs with SOE Ivchenko-Progress, including at the expense of funds announced in the 2019 national budget for the replenishment of the charter capital of Ukroboronprom," Malysh said, commenting relevant media reports referring to Head of the Interdepartmental Commission on Defense Industry at the National Security and Defense Council, Deputy Economic Development and Trade Minister Yuriy Brovchenko at the request of the agency.




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