Russia's United Shipbuilding Corporation declared 'strategically important' company

© RIA Novosti . Aleksey Nikolsky / Go to the photo bankRussia's Pime Minister Vladimir Putin at the "Zvezda" shipbuilding factory.
Russia's Pime Minister Vladimir Putin at the Zvezda shipbuilding factory. - Sputnik International
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Russian President Dmitry Medvedev has signed a decree to include the United Shipbuilding Corporation, which owns shipbuilding assets in Russia's Far East and northern Russia, in the list of strategically important open joint-stock companies.

Russian President Dmitry Medvedev has signed a decree to include the United Shipbuilding Corporation, which owns shipbuilding assets in Russia's Far East and northern Russia, in the list of strategically important open joint-stock companies, the Kremlin said.

The state-owned United Shipbuilding Corporation, created in 2007, has a charter capital accounting for 117 billion rubles ($3.7 billion). The company exports about 30% of its production.

The decree stipulates that state-owned assets of a number of Russia's shipbuilding companies will be passed to the United Shipbuilding Corporation.

Late last year, Russian Prime Minister Vladimir Putin said the program of civilian shipbuilding development in the Russian Far East stipulates financing estimated at $5 billion.

He said the government's goal was to "help create a plan to release civilian maritime equipment over the next few years and until 2020."

MOSCOW, June 10 (RIA Novosti)

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