CCP-linked Drone Company Cashes in on Russia’s War Efforts

As the war in Ukraine continues, Wang Dinghua, the owner of a major Chinese drone parts supplier has taken a stake in one of Russia’s premier drone manufacturing companies, accentuating an already pre-existing relationship between the Chinese Communist Party’s military industrial complex and Russia’s.

According to a Financial Times report, through a company filing in September, the Financial Times found that Wang, the owner of various companies such as Shenzhen Minghuaxin, is listed as the new owner of 5% of the shares in Rustakt, the leading manufacturer of the VT-40 first-person view drone regularly used by Russian forces in Ukraine. Although the Chinese government has been an ally with Russia for a while, this signals a heightened level of cooperation between a Chinese company and a Russian military supplier. However, within a day of the documents being accessed by the Financial Times, all ownership information relating to Rustakt was suppressed and purged from official registries, and data about the share transfer was expunged.

The report goes on to detail a relationship going back years with hundreds of millions of dollars in transactions. While CCP drone companies attempt to hide their investments, the message couldn’t be clearer. Chinese companies cannot be trusted in the daily lives of Americans, especially when they continue to benefit our foreign adversaries.