Business news from Ukraine

SBU detains Boguslayev, President of JSC Motor Sich

Employees of the Security Service of Ukraine have detained Vyacheslav Boguslayev, president of Motor Sich JSC, who is suspected of collaborating and working for the Russian Federation, the press center of the SBU reported.
In addition, law enforcement officers detained the head of the Department of Foreign Economic Activity of this enterprise.
The suspects were announced on suspicion under two articles of the Criminal Code of Ukraine, in particular, Art. 111-1 (collaboration activity) and art. 111-2 (complicity with the aggressor state).
The SBU noted that the detention took place within the framework of criminal proceedings on the illegal supply by Motor Sich of military goods for Russian attack aircraft.
According to the materials of the investigation, the management of the plant located in Zaporozhye is involved in the deal. Officials acted in collusion with representatives of the Russian corporation Rostec, which is one of the main arms manufacturers for Russia, close to the Kremlin.
“The attackers have established transnational channels for the illegal supply of wholesale lots of Ukrainian aircraft engines to the aggressor country. The occupiers used the resulting products for the production and repair of Russian attack helicopters of the Mi-8AMTSh-VN “Sapson”, KO-52 “Alligator”, Mi-28N “Night Hunter” types “, the message says.
It has been established that the invaders massively used the corresponding models of army aviation for a full-scale invasion of Ukraine. This is confirmed by numerous facts of the destruction of enemy combat helicopters by our defenders.
“To circumvent the established restrictions on trade with the Russian Federation, the organizers of the scheme used controlled commercial structures in three countries of the Middle East, Europe and East Asia. It was these companies that sent the order to the Ukrainian manufacturer, allegedly for the needs of the foreign side,” the report says.
At the same time, after receiving military products, “intermediaries” forwarded them to Russia. The enemy also used his foreign accomplices to repair and maintain their own aircraft using Ukrainian spare parts.
During the investigation, the Security Service officers identified all the organizers of the transactions, documented their criminal actions and carried out comprehensive measures to bring the perpetrators to justice.
Vyacheslav Boguslaev, President of JSC “Motor Sich” – one of the largest enterprises in Europe for the production of aircraft engines. Prior to the sale of a controlling stake in the Chinese company Skyrizon, which was frozen by the court, he was the largest shareholder of the enterprise.
Born in 1938, in 1966 he graduated from the Zaporozhye Machine-Building Institute with a degree in Aircraft Engines, since 1973 he has been the director of the Volochisk Machine-Building Plant, since 1988 he has been the general director of the Zaporizhzhya PO “Motorostroitel”.
Boguslaev headed Motor Sich in 1991. Since 1994 – the head of the board and general director of Motor Sich OJSC.
Since 2006, the people’s deputy of Ukraine of 5-8 convocations, and since 2019, the president of Motor Sich JSC and the general designer for the creation and modernization of helicopter technology.

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Iraq elects new president

Latif Rashid on Thursday became the President of Iraq following a vote in Parliament, which marked the beginning of the formation of the Iraqi government – a year after the parliamentary elections in the country, Rudaw reports.

Rashid beat his opponent, former Iraqi President Barham Saleh, by 63 votes. In total, 162 deputies voted for Rashid.

Mohammed al-Sudani, who is running for the new prime minister, is expected to form a government within 30 days.

Previously, Rashid served as the Minister of Water Resources of Iraq, and was also a representative of the Patriotic Union of Kurdistan party.

Protests against corruption in Iraq caused early parliamentary elections in the country in October 2021. However, elected parliamentarians could not form a government due to disagreements between political blocs over the mechanisms for its formation.

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HEAD OF UKRAINIAN PARLIAMENT WILL SPEAK AT EUROPEAN PARLIAMENT AND PLANS TO MEET WITH PRESIDENT OF FRANCE

Verkhovna Rada Speaker Ruslan Stefanchuk will speak at the European Parliament and possibly meet with French President Emanuel Macron.
“First of all, in France, I will work on the parliamentary line…. A possible meeting with President Macron is being worked out, if the schedule allows,” Stefanchuk said on the air of the national telethon on Sunday.
According to Stefanchuk, in addition to Paris, he will visit Strasbourg and speak at the European Parliament.
“We will also work in Strasbourg, in the European Parliament. I will have a meeting with the leadership of the European Parliament and a speech in the European Parliament, and meetings with the main political groups of the European Parliament in order to enlist their support at this final stage,” Stefanchuk said.
He also did not rule out meetings with heads of other institutions of the European Union.

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PRESIDENT OF EC: EU WORKING ON CREATION OF SOLIDARITY LINES FOR GRAIN EXPORT FROM UKRAINE

The EU is working on the creation of solidarity lines for the export of grain from Ukraine, President of the European Commission Ursula von der Leyen has said.
She has said that 20 million tonnes of wheat are stuck in Ukraine and must be taken out. Therefore, they have created and are working hard on solidarity lines that will make it possible to take out batches of this wheat through land routes and trains to their ports. This is not trivial and, of course, more tiring and more expensive, but it is necessary to take this grain out, von der Leyen said at a press conference following the Special Meeting of the European Council in Brussels on Tuesday.

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BOXER WLADIMIR KLITSCHKO: ZELENSKY SHOULD STILL INVITE PRESIDENT OF GERMANY TO KYIV

Ukraine needs to unite the position of the Europeans today, because this will achieve greater success and victory in the battle with Russia, believes boxer, brother of the mayor of Kyiv Vladimir Klitschko.
“The leader of Germany’s largest opposition party, the Christian Democratic Union, Friedrich Merz, was in Kyiv today. He met with the top leadership of Ukraine, met with the mayor of the capital. He expressed support and assured of further assistance to our state. And we are grateful for this. I am convinced that Ukraine today critically needs reliable and powerful partners, with whom it is necessary to talk, develop cooperation, be grateful for something, convince of something,” Klitschko wrote on Facebook on Wednesday.
He noted that Germany was concerned that Ukraine refused to accept German President Frank-Walter Steinmeier.
“The non-diplomatic statements of the Ukrainian ambassador to the German chancellor are also adding fuel to the fire. Now is not the time for emotions and excessive eloquence! I am sure that President Zelensky must nevertheless take a politically balanced step and invite the President of Germany, Ukraine’s strategic partner state, to Kyiv. We we need to unite the position of the Europeans today – this is how we will achieve greater success for our country and victory in the battle with the Russian aggressor,” Klitschko summed up.
In April, the German publication Bild, citing its own sources, reported that German President Frank-Walter Steinmeier planned to come to Kyiv along with government delegations from other EU countries, but Zelensky allegedly did not want to meet him because of the close ties of the German leader with Russia.
Later, Steinmeier himself said that Kyiv considered his possible visit to Ukraine undesirable, adding that Polish President Andrzej Duda had proposed a joint trip to Ukraine in recent days in order to “give a strong signal of European solidarity with Ukraine.”
Against this background, German Chancellor Olaf Scholz, according to the German edition Der Tagesspiegel, criticized Ukraine’s refusal to receive the German president on a visit, calling it “somewhat confusing” and urged not to underestimate the fact that Germany supplies Ukraine with anti-aircraft missiles and many other goods military purpose.
On April 13, President of Ukraine Volodymyr Zelensky said that the Office of the President of Ukraine had not received a request from the Office of the President of Germany regarding the visit of German leader Frank-Walter Steinmeier to Ukraine.
At the same time, he stressed that in the conditions of war and the daily death of people in Ukraine, she has the right to afford “to receive and be in the circle of those leaders of countries who really support her.”

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PRESIDENT OF UKRAINE MEETS WITH PRESIDENTS OF POLAND, LITHUANIA, LATVIA AND ESTONIA IN KYIV

President of Ukraine Volodymyr Zelensky held a meeting in Kyiv with President of Poland Andrzej Duda, President of Latvia Egils Levits, President of Lithuania Gitanas Nauseda and President of Estonia Alar Karis, who are visiting Ukraine.
“The heads of state held a meeting in the format of a working lunch,” the press service of the President of Ukraine reports.
After the talks are over, the presidents will talk to media representatives.

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