Russia has announced its ambitious plan to build more than 1,600 ships by 2036 to modernise its shipbuilding industry and reduce reliance on foreign technologies amid ongoing international sanctions.
These efforts are backed by a record 500 billion rubles (about $6.2 billion) in federal funding allocated for the next six years, as confirmed by Russian Prime Minister Mikhail Mishustin.
The government’s plan includes building exactly 1,637 civilian ships by...