Russian govt proposes transferring shares of 5 more companies to Severnaya Verf

ST. PETERSBURG. April 18 (Interfax) - The Russian government has proposed transferring shares of five federally owned companies to JSC Severnaya Verf Shipyard , which is part of United Shipbuilding Corporation (USC), as a contribution to the shipyard's charter capital, according to a draft presidential decree.

The document, posted on the federal portal for draft regulatory legal acts, is currently undergoing anti-corruption review.

According to the draft decree, the list of companies proposed for full or partial transfer to Severnaya Verf includes JSC Niva-SV (100% of shares), JSC Severnaya Verf Engineering (55.72%), JSC Instrument-SV (100%), JSC Efes Severnaya Verf (100%), and JSC Nord-West SV (20%).

As reported, the Arbitration Court of St. Petersburg and the Leningrad Region ruled in November 2023 in favor of a claim of the deputy prosecutor general to recover JSC Nord-West SV shares for Federal Property Agency (Rosimushchestvo). The Prosecutor General's Office had also sought to recover shares of the four other companies mentioned in the draft decree for the Russian state.

Severnaya Verf's press service told Interfax that four of the five companies were unrelated to the shipyard, while one was its subsidiary. Financial statements of JSC Nord-West SV for 2022 indicate 80% ownership by Severnaya Verf, with the remaining 20% held by JSC Mebelnaya Fabrika SV.

In early April 2025, the Russian government approved the transfer of 100% of the shares of JSC Commercial Center, Transport and Timber (CCTT, a stevedoring company in Greater St. Petersburg Port) from USC to Severnaya Verf's charter capital.

The St. Petersburg Arbitration Court ruled in March 2023 to recover CCTL shares for the state following a claim from the deputy prosecutor general. President Vladimir Putin signed the decree transferring 100% of the terminal's shares to USC in February 2024.

Severnaya Verf is one of Russia's largest shipbuilding enterprises.