Russian Government has approved the 2013-2030 Development of the Ship-Building Industry state programme. Funding within the programme is planned at over 600 billion roubles (approx $19.6 Bln), and more than 50% of it, or 330 billion roubles, is to be provided from the federal budget. These funds will be allocated primarily for civilian shipbuilding and [...]
United Shipbuilding Corporation is about to launch its ambitious program that might return competitiveness to this sector of Russian economy. This sector includes over 1 thousand of companies and employs more than 450 thousand of specialists. USC, established in 2007 with 100% state ownership, owns more than 30 companies in 11 regions of Russia. The [...]
![Russian Government Plans USD 34 Million in Support Funds for Sevmash Shipyard]()
It is planned to appropriate RUR 1.1 bln of federal budget resources to support JSC Sevmash Shipyard (Severodvinsk, Arkhangelsk region) in 2012-2014. That is provided by draft budget submitted for parliamentary consideration. In particular, budget 2012 implies over RUR 263 mln as payment of interests on credits granted by Vneshekonombank. Besides, it is planned to [...]
![Russian Government to Give Financial Support to JSC Far East Plant Zvezda]()
The Russian Government has allocated in the federal budget for the 2012-2014 period RUB 152.7 million for financial support of JSC Far East… (portnews) Source: portnews, October 5, 2011; The need to create a modern fleet for offshore fields as well as the development of Russia’s inland waterways for transits flows prompted…
![Russian Government to Invest Around USD 300 Million in Sevmash and Zvezdochka Shipyards]()
In 2012-2014 Russian government plans to bring RUR 9.8 bln in authorized capital of JSC United Shipbuilding Corporation. Substantial part of this sum will be appropriated to increase capital stocks of Severodvinsk shipyards Sevmash and Zvezdochka. As was said in the draft federal law “On Federal Budget 2012 and planning period of 2013-2014″ released on [...]
![Russian Government Forms Special Board to Settle Disputes Between USC and Defense Ministry]()
A special governmental board will be set in the nearest time to cope with problems appearing while conclusion of contracts under state defense order in 2011, writes Kommersant. The board will include representatives of Defense Ministry, Ministry of Industry and Trade, and United Shipbuilding Corporation (USC). The newly formed agency will settle discords regarding military [...]
