Zvezda Shipyard Comes Up Despite Western Sanctions
German and Finnish partners continue to build Russia’s Far Eastern “Zvezda” shipyard for Arctic oil exploration ships, in spite of Western sanctions, reports Sputnik. According to Director of the Far Eastern enterprise Yuri Filecroc, German and Finnish partners are working at the shipyard diligently, as they are interested in the job. "We hope they will cooperate with us, as these companies are global leaders," he added. The “Zvezda” factory, located in Russia’s Far East, is the leading plant for repairing submarines of the Pacific Fleet. It is also the region’s unique engineering complex for fixing, upgrading and modernizing ballistic missile submarines. The shipyard will become operational in 2016. It will build vessels for hydrocarbon exploration in the Arctic.
Putin Plans $700M Shipyards for Far East
According to a Jan. 4 report from the Moscow Times, Prime Minister Vladimir Putin announced plans for the state-run United Shipbuilding Corporation to build two major infrastructure projects with foreign partners, with investments of a combined $700m. Putin also said the government had created a $5b plan for the purchase of civilian ships and related technology in the Far East through 2020. The first infrastructure project, with Singapore’s Yantai Raffles Shipyard, will create a new shipyard to build drilling platforms in Chazhma Bay. The second is with South Korea’s Daewoo to construct a dry dock at the existing Zvezda factory in the nearby town of Bolshoi Kamen to make tankers, including for liquefied natural gas. (Source: The Moscow Times)
