OREANDA-NEWS. November 10, 2011. Russia has commenced the construction of two ultra-modern shipyards, Vostok-Raffles and Zvezda-DSME in the country’s Far East, the Russian government press office said.

According to Russian Prime Minister Vladimir Putin who chaired a working meeting focused on state defense shipbuilding contracts held in Severodvinsk the shipyards construction has been underway.

United Shipbuilding Corporation (USC) is implementing two projects for building two mega shipyards in the Far East in cooperation with its foreign partners, South Korean Daewoo Shipbuilding & Marine Engineering Co. (Zvezdochka-DSME) and Singapore's Yantai Raffles Shipyard Ltd. (Vostok-Raffles).