MOSCOW, October 17 (RIA Novosti) - Yury Yarov, director of the Severnoye ship design bureau, has been nominated for president of the United Shipbuilding Corporation (USC), the Industry and Energy Ministry said on Wednesday.
"A governmental commission for the integration of Russian shipbuilding companies has nominated Yury Yarov, director of the Severnoye ship design bureau, as president of the United Shipbuilding Corporation," which is to be registered in St. Petersburg within the next 10 days, the ministry said in a press release.
Yarov was deputy prime minister in 1992 - 1996 and occupied several positions in the presidential administration in 1996 - 1999.
Russian President Vladimir Putin signed the USC -founding decrees last March. The corporation with authorized capital of 1.1 billion rubles ($44 million) will integrate all state shipbuilding assets. Deputy Prime Minister Sergei Naryshkin will head the USC board of directors.
The corporation will include three divisions registered in the Kaliningrad Region, Severodvinsk and Vladivostok.
