MOSCOW, November 27. /TASS/. The United Shipbuilding Corporation (100% managed by VTB Bank now) will present a draft shipbuilding industry development strategy to President Vladimir Putin in March - April 2024, VTB chief Andrey Kostin said at the meeting with the head of state.
"We are providing for all that [circumstances in the shipbuilding industry - TASS] in the sector development strategy that we will be ready to present to you sometime in March - April of the next year," Kostin said.
Russia will have a modern and efficient shipbuilding industry in five - seven years, he added.
The decision was made earlier to transfer 100% of USC, the wholly owned state run company, to VTB into the trust management for five years. Kostin was elected as the Board Chairman of the corporation.