Russia’s United Shipbuilding Corporation (OSK) – Getting a Grip

Russia’s United Shipbuilding Corporation (OSK) – Getting a Grip

16 Oct 23
Posted by: Capt David Fields RN (rtd)
4 minutes, 56 seconds read
Message from the Editor

The author provides an update on Russia’s United Shipbuilding Corporation (OSK) and the likely outcomes resulting from increased government pressure to improve the company’s throughput and financing. A 5 minute read.

The state-owned OSK was formed in 2007 to bring order to what had become an underfunded and disorganised industry after the collapse of the Soviet Union. The vast majority of shipbuilding enterprises, civilian and military, ranging from design bureaus to shipyards and repair centres, are owned by OSK. Andrey Puchkov, former First Deputy Chairman of VTB Bank, was appointed General Director of OSK in August, replacing Alexei Rakhmanov who had been in post since 2014.[1] VTB’s CEO, Andrei Kostin, is now also the Chairman of the Board of Directors. This change of OSK’s leadership to VTB, a Russian…

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