U.S. sanctions spell big trouble for Russian civilian shipbuilding - exec
MOSCOW. July 30 (Interfax-AVN) - Recent U.S. sanctions against Russia's United Shipbuilding Corporation will chiefly hit civilian shipbuilding in Russia, the company's chief executive said.
"It means an awful lot of inconveniences for us. Paradoxically, it is the civilian segment of shipbuilding that will be the main victim of what the American fiscal authorities have proposed," Alexei Rakhmanov told Russia's Kommersant FM radio.
He said United Shipbuilding Corporation was looking for "various compensators" to prevent it from letting down its customers. "First of all, we still have the possibility of using other currencies with our customers, and, secondly, [we can] look for standard forms of getting partners involved in this work."
On Tuesday, President Barack Obama put several more companies, including United Shipbuilding Corporation, on the United States' Russian sanctions list. Any assets belonging to the corporation that may be detected in the United States are to be frozen, and U.S. persons and companies are prohibited from doing any business with them.
Russian Deputy Prime Minister Dmitry Rogozin said on Twitter: "Obama's decision to apply sanctions against USC is a sure sign that Russian military shipbuilding is becoming a problem for enemies of Russia."
