The Savior of Middle Eastern Immigrants

According to RIA Novosti165438+1October 30th, the Ukrainian Ministry of Defence announced the appointment of Aleksei Nikiforov as the new head of the aero-engine manufacturer Madsic.

Screenshot of the Russian News Agency report

The announcement posted on the website of Ukraine's Ministry of Defence on Wednesday reads: "On October 28th, 2022, 165438+ According to the order of Ukraine's Ministry of Defence, the articles of association of Madsic Co., Ltd. were amended, the power of Viacheslav Bo Gu Slayev was suspended, and the company's president was dismissed. According to the order of the Ukrainian Defense Minister, Aleksei Nikiforov was appointed as the general manager of the company. "

Earlier, the Chevchenko District Court of Kiev ordered the formal arrest of Bo Gu Slayev and detained him for 60 days. Oleg Djuba, another executive of Madsic and director of foreign economic activities department, also took similar measures. Both of them were detained by Ukrainian authorities on suspicion of cooperating with Russia.

10/0 On October 23rd, the Ukrainian National Security Service announced the arrest of Bo Gu Slayev and Kuba, accusing them of cooperating with Russia. The Ukrainian National Security Agency claims that it has established a cross-border sales channel to supply Ukrainian aero-engines to another country-it seems to cooperate with representatives of Russian technology groups. Russian technology group subsequently stated that it has achieved import substitution and has not cooperated with Ukrainian enterprise Madsic since 20 14.

According to reports, in addition to being in charge of Madsic from 199 1, Bo Gu Slayev is also a senior politician and has served as a member of the Ukrainian parliament for many times. From the first president of Ukraine after independence to the government of former President Yanukovych, Bo Gu Slayev also held various advisory positions. In 2000, he was awarded the title of "Ukrainian hero" for his achievements, which was one of the many honors he won.

Russian TV said earlier today that Ukrainian prosecutors accused Bo Gu Slayev of treason, which may lead to at least 10 years in prison.

Extended reading:

President Madsic was arrested because the Ukrainian company owed China more than $4.5 billion.

During the Soviet period, the world-famous engine manufacturer Madsic, known as the "heart of Soviet aviation industry", suffered another impact. This time, Ukrainian law enforcement officers arrested its President Bo Gu Slayev, and the Ukrainian Security Service accused him of illegally supplying military aero-engines to Russia and committing treason.

Madsic's tortuous experience

Madsic Company is located in Zaporoge, Ukraine, and is mainly engaged in the research and development, production, repair and maintenance of aircraft, helicopters and cruise missile power systems. During the Soviet period, Madsic's engines were exported to more than 90 countries, and he was called "the czar of power". After distribution to Ukraine, Madsic is still the first exporter of aviation equipment, accounting for half of Ukraine's aviation industry.

Bo Gu Slayev, the long-term president of this company, was awarded the title of "Ukrainian hero" in 2000.

However, after the referendum in Crimea, the relationship between Russia and Ukraine deteriorated, and the engines originally sold to Russia were forced to stop exporting. The original sales were blocked, the production capacity was insufficient, and the research and development funds were insufficient. The original "world aviation pearl" fell from the altar to the bottom step by step.

At the critical moment when the company was facing bankruptcy, Bo Gu Slayev began to negotiate with China. The Ukrainian Soviet gene hit it off with the demand of China at that time. China's order has become the biggest lifeline for troubled Madsic.

Madsic executives also intend to sell shares in the company to China enterprises. So after a period of negotiation and consultation, Madsic sold its shares in exchange for large-scale investment, and China Tianjiao Aviation Industry Investment Co., Ltd. acquired Madsic.

But what does America fear most? One is afraid that China will acquire sophisticated chips, and the other is afraid that China will acquire more advanced engine technology. The details of Madsic may bring some new research and development ideas to China.

But because of this "possibility", the U.S. government prevented China from holding shares in this company, claiming that China's space research and development has developed more fully, which poses a threat to U.S. security, is not conducive to the long-term development of Ukraine, and is unfair to other countries.

Unsurprisingly, Ukrainian President Zelensky sided with the United States and signed a decree on the nationalization of the factory, confiscating the shares of the company in the name of "Madsic is a national treasure of Ukraine" and handing it over to the Ukrainian Criminal Assets Administration. For this reason, China investors filed a lawsuit with the Permanent Court of Arbitration in The Hague, and Ukraine needed to compensate China for losses of more than 4.5 billion US dollars.

However, when the conflict between Russia and Ukraine broke out, the Russian army focused on cracking down on military-related facilities, including the Madsic factory.

What is the impact on Ukrainian military industry?

The Ukrainian defaulted because Madsic owed China more than $4.5 billion, but Madsic was destroyed in the battle.

How useful is Madsic to Ukraine? Ukrainian law enforcement officers arrested Bo Gu Slayev, and the Ukrainian Security Service accused him of treason and illegal supply of military aviation engines to Russia.

The Ukrainian Security Service believes that Madsic colluded with representatives of Russian technology groups to evade trade restrictions and sold goods to Russia with companies from the Middle East, Europe and East Asia, which enabled Russia to use parts provided by Ukraine to repair and maintain its own aircraft. However, some Russian media speculated that Bo Gu Slayev was arrested because of his "pro-Russian views".

The impact of the arrest of the former "Ukrainian hero" on Ukraine's military industry depends on whether technicians will be involved in the case, but it is already a major blow to the already precarious Ukrainian military industry.

At present, Ukraine is used to the aid of western countries. As for its own military products, few people are willing to buy Ukrainian products, and even fewer countries are interested in selling them. What's more, the Kiev government is capricious, sometimes declaring nationalization and sometimes privatizing state-owned assets, which is an important reason to prevent investors and prevent the development of the industry.