Money Dispute With Kiev Threatens Future Chinese Arms Buys -- Washington Times
China is colluding with Russia to avoid paying $14 million to the Ukrainian government for a second Zubr-class amphibious landing hovercraft — or air-cushioned landing craft — that was delivered by Kiev to the Chinese People’s Liberation Army in early March. The delivery came days before the Russian annexation of Crimea, where the vessel was built. At issue is the question of who gets the $14 million.
Since the contract was signed between China and Ukraine before Russia’s intervention in Ukraine, Beijing is obligated to pay the remaining $14 million for the delivered vessel to the government in Kiev.
But Russia vehemently opposes any Chinese payment to Kiev and insists that China pay the fund to two shipbuilding companies located in Crimea, now controlled by Moscow after the region was annexed by Russia.
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My Comment: Russia is far more important to China than Ukraine .... they are not going to upset that relationship .... and definitely not over two hovercraft and a few million dollars.
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