Russia has outlined plans to invest $700m in the construction of two shipyards.
A dry dock will also be built at the existing Zvezda factory with South Korea’s Daewoo, Putin said.
Of the estimated investment, the country plans to finance 75% from its own sources.
State development bank Vneshekonombank said it had opened a one-year credit line of up to RUR1bn to help finance initial work to build the shipyard.
The government has also created a $5bn plan for the purchase of civilian ships and related technology in the Far East through 2020.