Another shipbuilding company of russian federation came under sanctions

Ukraine introduced new sanctions against a number of individuals and legal entities. In particular, the russian “United Shipbuilding Corporation” (USC) came under restrictions.

Yesterday, March 18, the NSDC imposed sanctions on more than 400 individuals and companies associated with russian federation. In particular, sanctions were imposed against the joint-stock company “United Shipbuilding Corporation”, registered in St. Petersburg according to the official website of the President of Ukraine.

Last year, the G7 countries and the European Union introduced restrictions against the corporation.

JSC “United Shipbuilding Corporation” is the largest state shipbuilding holding of russian federation. More than 40 russian enterprises are part of USC. The holding develops 80% of all shipbuilding projects in russian federation. In particular, it is the USC that builds the ships that are used for shelling the cities of Ukraine.

It is reported that some of the holding’s ships were built at factories in the illegally annexed Crimea.

It will be recalled that last month Ukraine imposed sanctions on the Dubai company SUN Ship Management. The company is the formal owner of the “shadow” fleet of russia.