United Shipbuilding Corporation

United Shipbuilding Corporation (Russian: Объединённая судостроительная корпорация) is an open joint stock company in Russia which unites shipbuilding, repair and maintenance subsidiaries in western and northern Russia, and in the country's Far East, to streamline civilian shipbuilding using military facilities. The corporation was established by a series of Presidential Decrees signed by President Vladimir Putin. According to the decree, the corporation has 3 subsidiaries: the Western Shipbuilding Center in St. Petersburg, the Northern Shipbuilding and Maintenance Center in Severodvinsk and the Far Eastern Shipbuilding and Maintenance Center in Vladivostok. The state owns 100% of the shares.

United Shipbuilding Corporation also has a 50% stake in Arctech Helsinki Shipyard, a joint venture with STX Finland Cruise Oy.[1]

On June 2012 Andrei Dyachkov was appointed to its president.[2] On May 21, 2013, Russian President Putin said that Vladimir Shmakov would be appointed as a new president of the corporation the following week.

On 29 July 2014, the company was added to the Financial Sanctions List - Specially Designated Nationals List [3][4] by the U.S. Department of the Treasury as defined by the Executive Order 13661 [5] related to Russia involvement in conflict in Ukraine.

USC owns the Zvezda shipyard.[6]

References

  1. ↑ "Arctech Helsinki Shipyard To Build Sovcomflot Icebreaker Supply Vessels". Retrieved 2010-12-18.
  2. ↑ "Dyachkov is appointed United Shipbuilding Co president", Itar Tass, June 29, 2012
  3. ↑ "7/29/2014,OFFICE OF FOREIGN ASSETS CONTROL,Sectoral Sanctions Identifications and SDN List Updates". Retrieved 2014-07-30.
  4. ↑ "Announcement of Additional Treasury Sanctions on Russian Financial Institutions and on a Defense Technology Entity". Retrieved 2014-07-30.
  5. ↑ "Federal Register, Vol. 79 No. 53, March 19, 2014". Retrieved 2014-07-30.
  6. ↑

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