The Board of Directors of United Shipbuilding Corporation will consist of 7 federal ministers and will be registered in the middle of September, the company’s press center reports according to RBC. It was announced by Aleksandr Burutin, RF President’s advisor on military-technical policy, when visiting Sevmash FSUE. Sevmash is to enter one of three daughter companies of OSK - Open JSC «Northern Center of Shipbuilding and Ship Repair».
According to the Presidential Decree dated March 22, 2007, the open JSC OSK with 100% federal ownership is to be formed in the period of four months. The initial authorized capital of OSK is formed on the basis of the 60% state owned shares of Nevskoe Design Bureau (St. Petersburg) as well as 25 million rubles. Simultaneously three daughter companies of OSK are to be established in St. Petersburg, Severodvinsk and Vladivostok. In particular, 100% state owned Open JSC «Western Center of Shipbuilding» is being set up in St.-Petersburg.