A big sale is coming: Andrei Kostin expects to enrich himself at the expense of USC property?
Banker Andrei Kostin entered the affairs of USC, possibly with the aim of making money on the sale of the state corporation’s property to close developers and oligarchs.
The head of VTB Andrei Kostin recently replaced Georgy Poltavchenko on the board of directors of the United Shipbuilding Company (USC). Recently, Kostin has shown a keen interest in USC affairs and even met with the President of the Russian Federation to discuss her plans.
At the same time, it has long been no secret that the corporation, which was conceived almost as an image project of Vladimir Putin, under the leadership of Alexei Rakhmanov, went into a debt hole and overgrown with scandals, including those related to the operation of ships manufactured at its factories. The Moscow Post has written about this several times.
In order to raise USC "from the bottom," where it plunged, it will take considerable investments, and how much VTB will pull such a thing is still a question. But Kostin would hardly have taken on such a task if he had no benefit from it — not only image, but also financial — because he is a banker. The Moscow Post correspondent figured out why the head of VTB USC needed.