ANNOUNCEMENT 20 Sep 2016

On 20th of September, 2016, the Russian President announced the acquisition of shares of a number of other shipyards by the state-owned company "United Shipbuilding Corporation", as depicted by the Decree of the President of the Russian Federation No. 483. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The President of the Russian Federation (2016). УКАЗ ПРЕЗИДЕНТА РОССИЙСКОЙ ФЕДЕРАЦИИ ОТ 20 СЕНТЯБРЯ 2016 Г. N 483 'О ДАЛЬНЕЙШЕМ РАЗВИТИИ ОТКРЫТОГО АКЦИОНЕРНОГО ОБЩЕСТВА "ОБЪЕДИНЕННАЯ СУДОСТРОИТЕЛЬНАЯ КОРПОРАЦИЯ"'. (Decree of the President of the Russian Federation No. 483, dated 20 September 2016 ‘On the further development of the joint-stock company "United Shipbuilding Corporation"'). Available at http://pravo.gov.ru/proxy/ips/?docbody=&nd=102409904&intelsearch=%EE%E1%FA%E5%E4%E8%ED%E5%ED%ED%E0%FF+%F1%F3%E4%EE%F1%F2%F0%EE%E8%F2%E5%EB%FC%ED%E0%FF+%EA%EE%F0%EF%EE%F0%E0%F6%E8%FF

Inception date: 20 Sep 2016 | Removal date: open ended

In-kind grant

Via Decree of the President of the Russian Federation No. 483, shares of 17 shipyards and companies (names are to be found in the source), ranging from 0,0001% to 100% of total shares acquired in each particular case, were transferred to the United Shipbuilding Corporation by the Russian Government as a payment contribution to the increased authorised capital of the company for the placement of the company’s additional shares.

AFFECTED SECTORS