Vladimir Putin expects USC Development Strategy by September 1, 2013
Russian President Vladimir Putin ordered to develop the USC Development Strategy in line with the Government programme The Development of the Shipbuilding Industry by September 1, 2013. According to the records of the meeting on the current state and development prospects of the United Shipbuilding Corporation, Putin expects the report on the execution of these instructions by October 15, 2013.
“The first priority is to improve corporate structure. You must develop a programme for managing production costs, conduct an economic and financial audit of all contracts awarded for the state defence order and for large contracts with private companies. Second, you must audit modernisation programmes of key USC enterprises, prepare specific proposals and report on the results in three months,” Putin said.
United Shipbuilding Corporation (OSK OJSC) is the largest shipbuilding company in Russia. It was set up in 2007 with 100% federal ownership. The holding comprises 60 companies and organizations (major shipbuilding and shiprepairing companies as well as leading design bureaus). Currently, OSK consolidates about 80% of the domestic shipbuilding complex. The Russian market is the main focus of the state corporation though it also exports its products to 20 countries worldwide.
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