Russia to Allocate 5 Billion Rubles in 2026 for Civilian Vessel Leasing

Overview

• The budget contribution will be made to the State Transport Leasing Company as an increase in charter capital.
• The program covers dry cargo and container ships as well as cruise and excursion vessels, including electric hydrofoil catamarans.
• Officials frame the measure within the federal project on ship and equipment production under the national transport mobility initiative to bolster domestic shipyards’ modernization and competencies.
• Over the past two years, 10 billion rubles funded construction of more than 70 passenger vessels for preferential leasing.
• Ministers will also consider a 1.36 billion ruble reimbursement for four crab-fishing vessels built in the Far East, complementing an existing 6.4 billion ruble program through 2026 for 13 crabbers.