U.S. sanctions spell big damage for Russian civilian shipbuilding

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U.S. sanctions spell big damage 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.