United Shipbuilding Corporation sets up special economic zone

Andrei Dyachkov, President of the state-owned United Shipbuilding Corporation, has signed a cooperation agreement Astrakhan Governor Alexander Zhilkin that should result in the establishment of a special economic zone focused on shipbuilding.

It would appear the zone is being created specifically for the enterprises of Caspian Energy group (renamed Rosshelf) – the corporation obtained control over the group in 2011.

If the project is a success, United Shipbuilding Corporation may attempt to replicate the project with similar special economic zones in Kaliningrad, Leningrad and Arkhangelsk regions and in the Russian Far East.

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