ANNOUNCEMENT 27 Aug 2009

The Russian government allocates additional budget in the amount of 1.9 billion rubles (USD 59 950 666) to increase the authorised capital of the open Joint-stock company "United Shipbuilding Corporation"

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The Russian Government (2009). РАСПОРЯЖЕНИЕ ПРАВИТЕЛЬСТВА РФ ОТ 27 АВГУСТА 2009 Г. N 1269-Р 'ОБ УВЕЛИЧЕНИИ УСТАВНОГО КАПИТАЛА ОАО "ОБЪЕДИНЕННАЯ СУДОСТРОИТЕЛЬНАЯ КОРПОРАЦИЯ"'. (Resolution of the Government of the Russian Federation of August 27, 2009 No. 1269-r 'On the increase of the authorised capital of the "United Shipbuilding Corporation"'). Available at http://pravo.gov.ru/proxy/ips/?docbody=&nd=102132247&rdk=&intelsearch=1269+%C0%E2%E3%F3%F1%F2+2009

Inception date: 27 Aug 2009 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

The government resolution contains the budgetary allocations in the amount of 1.9 billion rubles (USD 59 950 666) to increase the authorised capital of the open Joint-stock company "United Shipbuilding Corporation" by placing additional shares to ensure the completion of the all works on order N 518 and state tests. 

The state-owned United Shipbuilding Corporation was created in the year 2007 for the reasons of preservation and development of the scientific and production potential of the defence industry complex, including the shipbuilding industry of the Russian Federation. 

 

AFFECTED SECTORS