Ministry of Industry and Trade: transfer of OSK to VTB trust management will be completed in a few days

Ministry of Industry and Trade: transfer of OSK to VTB trust management will be completed in a few days

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Transfer process to the United Shipbuilding Corporation (USC) in trust management VTB will end in the coming days. This was announced by the Secretary of State – Deputy Minister of Industry and Trade of the Russian Federation Viktor Evtukhov.

“It will happen in just a few days, figuratively speaking. Now the process of legal registration of documents is being completed so that everything is clearly verified, ”he said (quote according to TASS).

Evtukhov notedWhat VTB already started the audit USC. The deputy head of the Ministry of Industry and Trade specified that the corporation includes more than 40 enterprises, and a detailed check should be carried out for each of them. Performance indicators will also be defined later. According to him, it was decided to fix the key performance indicators of trust management in six months.

Issues related to state support for USC will be resolved in late 2023 – early 2024, Yevtukhov added.

Earlier today, Deputy Minister of Industry and Trade declared on the need to develop a new development strategy USC. According to him, additional financial injections are needed, the modernization of shipyards, and a number of issues related to the implementation of the state defense order and the construction of ships for the Navy should also be resolved.

August 10 Russian President Vladimir Putin informedWhat VTB for five years will receive a state-owned block of shares in trust management USC, which are in federal ownership (belong to the Federal Property Management Agency). On August 23, Andrey Puchkov left the post of Deputy Chairman of the Management Board of VTB and took position of General Director of OSK. Head of VTB Andrey Kostin was elected chairman of the board of directors of the company on 25 August.

USC was founded in 2007. The Corporation is the largest shipbuilding holding in Russia, providing 80% of domestic shipbuilding. It includes about 40 organizations, including design bureaus, research centers, shipyards, ship repair and engineering enterprises. The company has over 100,000 employees.

Former USC CEO Alexei Rakhmanov said in June that the corporation received about 20 billion rubles in 2022. net loss with revenue of 350 billion rubles. (USC did not officially publish reports for 2022).

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