Russian Government has approved the 2013-2030 Development of the Shipbuilding Industry state program.
Over 600 billion roubles (approx $19.6 Bln) has been set up for funding the program. 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.
The approved program is aimed at restoring Russia’s position in the global shipbuilding industry.
“We have determined our priority market niches in the programme – naval shipbuilding, the fishing fleet, production of hardware for the Northern Sea Route and development of the shelf, and river shipbuilding,” said Minister of Industry and Trade Mr. Denis Manturov.