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Anti-Russian sanctions

US sanctions can impact Russian shipbuilding corporation civilian sector - CEO

On July 29, the US said the United Shipbuilding Corporation of St. Petersburg had been added to a list of entities with which US individuals are prohibited from doing any business

MOSCOW, July 31, /ITAR-TASS/. The U.S. sanctions on Russia’s St Petersburg headquartered United Shipbuilding Corporation can impact its civilian sector, the company’s CEO said on Tuesday.

“The sanctions can affect our projects in the civilian sector,” Alexei Rakhmanov said.

“The sanctions can hardly influence the company’s activities,” he added.

“The sectoral sanctions [imposed by the European Union] not only against the USC but against the whole oil and gas sector can have a greater impact than concrete sanctions announced by the U.S. government,” Rakhmanov said.

On July 29, the U.S. Department of Commerce said the United Shipbuilding Corporation of St. Petersburg, which was 100% state-owned and was created by Russian President Vladimir Putin, had been added to a list of entities with which U.S. individuals are prohibited from doing any business.

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