Russian Bank to Invest in New Shipyard

18 August 2009 (Last Updated August 18th, 2009 18:30)

Russian bank Vneshekonombank is to grant RUR28bn towards the construction of a new shipyard located in Primorsk on the Baltic coast. According to a government statement, the bank could supply up to RUR28bn for construction. The shipyard will be used for the construction of la

Russian bank Vneshekonombank is to grant RUR28bn towards the construction of a new shipyard located in Primorsk on the Baltic coast.

According to a government statement, the bank could supply up to RUR28bn for construction.

The shipyard will be used for the construction of large-scale tankers, drilling rigs and LNG carriers, according to the Russian business daily Vedomosti.