RF President Vladimir Putin said he supports the transfer of the state-owned stake in the United Shipbuilding Corporation to VTB Bank in a meeting with Andrey Kostin, head of the Bank.
“I support this proposal. I know that our colleagues have discussed this with you and considered it in advance. I would like to hear your reaction on this matter,” the Kremlin press office quotes the President as saying.
“Mr President, thank you for your trust. When I first heard about this, it was indeed quite unexpected. But I can say that we know the company well, have followed it from its incorporation. We work closely with the corporation as well as with the enterprises that are part of the corporation, so we are aware of their problems, especially those concerning financing. Therefore, I am sure that, with your support, we will cope with this task and will make every effort to resolve all the problems. There are many issues there, especially given the current situation, but I believe they are solvable,” Kostin answered.
“There are many problems and many questions,” Putin agreed, “but it is a viable business, and is generally gaining momentum”.
“Yes, there are issues that require special attention, including from the bank’s specialists,” he continued. “They need to do some calculations to decide on the company’s financial turnaround. I know this cannot be done without the Government’s support, so of course, the Government will provide it”.
“I very much hope that your specialists, who have proved their high professional level, will cope with all the problems. This is certainly a challenge, without exaggeration; this is serious, you will be dealing with an entire industry”, the President concluded.
“We understand the responsibility, but the team is ready, and we will work on this. Thank you very much,” Kostin said.
Photo: Kremlin press office