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Russia Details 325.6 Billion-Ruble Shipbuilding Support, Sets 2026–2028 Funding Tranche

Officials say dock capacity gaps and sanctions are driving a push to cut overseas repairs.

Overview

  • Minpromtorg told the Federation Council the federal project totals 325.6 billion rubles in support through 2030.
  • The draft law schedules 32.3 billion rubles in 2026, 50 billion in 2027 and 29.9 billion in 2028, with the ministry seeking to expand and streamline financing.
  • About 70% of Russian ship repairs are performed abroad, mainly in China, South Korea and Turkey, due to drydock shortages and restricted access to components.
  • The long-term strategy targets 80% domestic content in ship equipment by 2050 and calls for doubling modernized repair yards with a threefold increase in repair volume.
  • Arkhangelsk region officials said they are ready to grow capacity for building and servicing civilian vessels up to 150,000 tons and urged tailored support measures.