Russian civil shipbuilding sector ‘facing deepest crisis in history’

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

Source: Zvezda Shipbuilding Complex

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.

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