Russia might invite foreign strategic partner into shipbuilding sector

The Russian government is considering inviting a foreign strategic partner into the country's shipbuilding industry, Deputy Prime Minister Dmitry Rogozin told reporters in St. Petersburg on Thursday.

The Russian government is considering inviting a foreign strategic partner into the country's shipbuilding industry, Deputy Prime Minister Dmitry Rogozin told reporters in St. Petersburg on Thursday.

"We are now counting all the potential orders - civilian and military. It's an unacceptable situation when we had to move huge amounts of money out of the country in order to build ships for civilian contracts at shipyards in France, Germany, Finland, Korea and so on," Rogozin said.

Following calculations and analysis, "it will be determined what Russian shipyards cannot build on time - this is what will be formulated as an offer" to a foreign strategic partner who will be selected after negotiations and tenders, Rogozin said.

He said a deal would be made on the basis of mutual obligations, where the strategic partner would either transfer technology or invest money in building shipyards in Russia.

"Only such a formula will be considered," Rogozin said.

He said the government, the Marine Board and United Shipbuilding Corporation (USC) are already working on the calculation of potential orders, finding an investor and options for collaboration.

"The government will hear out USC on this issue. USC is supposed to propose [a potential partner]," Rogozin said.

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