After the Russian annexation of Crimea, China decided to pay the remaining US$14 million for the purchase of Zubr-class air-cushioned landing craft to Crimea's Feodosia Shipbuilding Company and Fiolent plant instead of the central government of Ukraine, according to the Canada-based Kanwa Defense Review.
The contract, worth US$315 million, was signed by China and Ukraine back in 2009 for Kiev to provide four Zubr-class air-cushioned landing craft to Beijing. Under this contract, Feodosia Shipbuilding Company and Fiolent Plant were responsible for building two of the craft while the remaining vessels would be built in China. After the delivery of the first landing craft built in Ukraine in April 2013, China still owed US$14 million to Kiev for the second vessel constructed in Crimea.
Read the full story at Want China Times