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USC to sell the Artech Helsinki Shipyard for EUR 60m
April 15, 2019

Russian state-owned United Shipbuilding Corporation (USC) has sold Arctech Helsinki Shipyard for EUR 60m to a group of Russian private investors. The shipyard’s total losses from 2011 to 2016 amounted to EUR 262.5m and were reportedly due to USC being on the US sanction list.

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