Vladimir Putin made a surprise visit to Vladivostok after his Mongolia trip, inspecting a new shipyard project in Promezhutochnaya Bay. The shipyard, a joint venture between VTB Bank and United Shipbuilding Corporation (USC), is vital for Russia’s strategic port development amid the Ukraine conflict. Plans include expanding storage capacity at VMTP and boosting energy trade despite U.S. sanctions. Potential sites for new shipyards are also being explored.
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