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USC does not make loss-making contracts with customers — CEO

Aleksey Rakhmanov emphasized that the USC did not allow itself or its legal entities or shipyards to operate at a loss

VLADIVOSTOK, September 9. /TASS/. The United Shipbuilding Corporation (USC) does not conclude any loss-making contracts with customers, CEO Aleksey Rakhmanov told TASS in an interview at the Eastern Economic Forum.

"Let me clarify at once that contracts become loss-making for us only for first-in-class ships, the ones built for the first time or unique ones. Within my memory, USC as the management company has not endorsed a single contract with losses at the time of signing. We are not a charity organization and do not allow ourselves or our legal entities or shipyards to operate at a loss," the chief executive said.

Organized by the Roscongress Foundation, the Seventh Eastern Economic Forum was held from September 5 to September 8 in Vladivostok. TASS was the event’s general information partner and its official photohost agency.