Norway suspends sale of engine plant to Russian company

Source : 112 Ukraine

Justice Ministry welcomes foreign investments but says there are potential risks for national security
23:53, 9 March 2021


The government of Norway has stopped the procedure of sale of Bergen Engines plant to Russia's Transmashholding company. Reuters reported that with the reference to Norwegian Justice Ministry. 

On February 4, Rolls-Royce claimed it sold the company, which was part of the plan to help the country cope with the economic consequences of pandemic of coronavirus. The products of Bergen Engines are employed by the Norwegian Navy. 

Transmashholding company's branch, TMH Group was supposed to become the new owner of Bergen Engines; the price is 150 million Euros.

Commenting on this matter, Justice Minister Monica Maeland stated that Norway welcomes foreign investments; however, it should also consider potential risks for national security, as long as it concerns strategically important branches of economy. “There is significant uncertainty in relation to national security interests, and this uncertainty must be dealt with. We don’t know which conclusion we will draw,” she said.

Related: Ukraine’s MFA calls for Russia’s responsibility for cyberattack on Norway

The Ministry added that all sorts of current checks related to the sale process must be suspended.

Bergen Engines is the manufacturer of ship engines used by the Norwegian Navy. These engines are installed in Norwegian patrol ships and a scout vessel; besides, the military also ordered icebreakers, and they will also feature these engines.

Related: Norway declines lawsuit of environmental activists as govt plans to explore oil fields in Barents Sea

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more