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United Shipbuilding Corp. to invest $136 million in Sevastopol Shipyard upgrade

April 18, 2015, 18:32 UTC+3 YALTA
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YALTA, April 18. /TASS/. Russia’s United Shipbuilding Corporation (USC) will invest in modernization of the Sevastopol Shipyard some 7 billion rubles ($136 million) over the next three years, USC First Vice President Leonid Strugov said Saturday.

The Republic of Crimea and the city of Sevastopol reunified with Russia after a referendum held on March 16, 2014, in which 96.77% of Crimeans and 95.6% of Sevastopol voters chose to secede from Ukraine and join the Russian Federation. Russian President Vladimir Putin signed the reunification deals March 18, 2014.

Work to integrate the Crimean Peninsula into Russia’s economic, financial, credit, legal, state power, military conscription and infrastructure systems has been actively underway since Crimea acceded to the Russian Federation.

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