2020 February 13

(Aleksey Rakhmanov, President, United Shipbuilding Corporation (USC) - On the role of leasing in shipbuilding )

- I want to emphasize the acute importance of leasing programmes development. We regularly bring up this subject at the meetings of Russian Engineering Union, and today I draw you attention again to following fact: with the ship’s life cycle of 30 years, the cost of money is crucial. Leasing offers the rates considerably below those of banks. Meanwhile, it is necessary to correlate the scope of subsidies with the market demands — so that the limit was not covered by the only order. I will underline once again: no diversification is able without long and cheap money. Modern fleet of civil ships is a foundation for transport connectivity and economic security of the country.

Transcript from the meeting of Russian Engineering Union’s Bureau held at RF Government.