Russian civil shipbuilding sector ‘facing deepest crisis in history’

The Russian sector of civil shipbuilding is facing with the deepest crisis in its history, with the industry expected to record a record drop in 2022 that will be significantly exceed the 43% y/y decline observed in 2021.

A number of shipbuilding enterprises have experienced serious financial problems after their inclusion on lists of sanctioned entities.

The Russian sector of civil shipbuilding is facing with the deepest crisis in its history, with the industry expected to record a record drop in 2022 that will be significantly exceed the 43% y/y decline observed in 2021.