Russia Plans $6.2B Outlay to Build 1,600 Commercial Ships by 2036

Russia Plans $6.2B Outlay to Build 1,600 Commercial Ships by 2036

The Russian government mapped out its ambitious plans to modernize and expand its national fleet to counter the impact of foreign sanctions and restri...

Russia readies billions for domestic fleet buildout

Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders, component manufacturers and shipowners. He noted that …

Russia unveils $6.2bn plan to build more than 1,600 cargo ships

Programme of civilian shipbuilding to boost capacity by 2036