United Shipbuilding Corporation

History

United Shipbuilding Corporation was established in 2007 by a series of Presidential Decrees signed by President Vladimir Putin.{{cite web

In June 2012 Andrei Dyachkov was appointed to its president.

On May 21, 2013, Russian President Putin said that Vladimir Shmakov would be appointed as a new president of the corporation the following week.{{cite web

On 29 July 2014, the company was sanctioned by the United States.

In 2016, the company's revenue amounted to 49 billion rubles.

In 2017, the corporation closed its Northern and Western subsidiary branches.{{cite web

USC was the owner of Arctech Helsinki Shipyard, having bought the remaining 50% of the shares from its joint venture partner STX Finland Cruise Oy. In May 2019, USC sold the Finnish venture to a Russian businessman, who changed the name to Helsinki Shipyard.

On 25 August 2023 Andrey Kostin was elected Chairman of the board of directors of USC. He had been nominated by prime minister Mikhail Mishustin, along with 12 other board members including Andrey Puchkov. Both men control VTB Bank, a state-owned operation.

Sanctions

As a result of the Russian invasion of Ukraine, the company was sanctioned by New Zealand, as well as by the United Kingdom.

Structure

As of 2017, USC integrated the following companies:

• 33 Shipyard, Baltiysk
• Admiralty Shipyards, St. Petersburg
• Baltic Shipyard, St. Petersburg
• Vyborg Shipyard, Vyborg
• Zelenodolsk Design Bureau, Zelenodolsk
• Severnaya Verf, St. Petersburg
• Sredne-Nevskiy Shipyard, St. Petersburg
• Severnoye Design Bureau, St. Petersburg
• Arctech Helsinki Shipyard, Helsinki
• Nevskoe Design Bureau, Severodvinsk
• Almaz Design Bureau, St. Petersburg
• Krasnoye Sormovo Shipyard, Nizhny Novgorod
• Rubin Design Bureau, St. Petersburg
• Onega Research and Development Technological Bureau, Severodvinsk
• Malakhit Marine Engineering Bureau, St. Petersburg
• 10 Shipyard, Polyarny
• Yantar Shipyard, Kaliningrad
• Amur Shipbuilding Plant, Komsomolsk-on-Amur
• Zvezdochka Shipyard, Severodvinsk
• Proletarsky zavod, St. Petersburg
• Khabarovskiy shipbuilding plant, Khabarovsk
• USC-Iceberg Central Design Bureau, St. Petersburg
• CNRG Group, Astrakhan
• Production Association Arktika, Severodvinsk
• Production Association Sevmash, Severodvinsk
• Svetlovsky enterprise ERA, Svetly
• 35 SRZ branch of Zvezdochka SRC, Murmansk
• Joint Stock Company Shipbuilding plant 'Lotos', Narimanov
• Kronstadt Marine Plant, Kronstadt
• Sevastopol Shipyard
• Lazurit Central Design Bureau

References

References

1. "Список аффилированных лиц".
2. [http://www.itar-tass.com/en/c32/460180.html "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".
4. "Announcement of Additional Treasury Sanctions on Russian Financial Institutions and on a Defense Technology Entity".
5. "Federal Register, Vol. 79 No. 53, March 19, 2014".
6. "АО "ОСК"".
7. "Arctech Helsinki Shipyard to Russian Ownership".
8. (15 May 2019). "Helsingin telakan myynnistä sopu, venäläisliikemiehet puikkoihin – välttyykö telakka jatkossa sanktioilta?". Alma Media.
9. (28 August 2023). "Andrey Kostin elected as USC BoD Chairman".
10. (22 August 2023). "RF Government nominates Andrey Kostin as candidate for USC Board of Directors".
11. "Russia Sanctions Regulations 2022".
12. "Financial Sanctions Notice - Russia".
13. "USC Companies".
14. "Предприятия ОСК: Филиал "Севастопольский морской завод" АО "ЦС «Звездочка"".