Russia is looking to bring its key Zvezda Shipbuilding Complex into the fold of state holding company United Shipbuilding Corporation (USC).
The Far East yard’s owner, Rosneft, and state-controlled domestic banking group VTB, which owns USC, said they had begun talks on a merger.
The move is being made to consolidate shipbuilding assets in the east of the country and to improve efficiency, with the backing of President Vladimir Putin, the statement added.
