Putin estimates 5bln for shipbuilding in Russian Far East by 2020

The program of civilian shipbuilding development in the Russian Far East stipulates financing estimated at $5 billion, Russian Prime Minister Vladimir Putin said on Monday. Putin is on a working visit to the region. Earlier in the day, the Russian premier attended the ceremony of launching the first stage of the East Siberia -Pacific Ocean oil pipeline, which is designed to pump up to 1.6 million barrels (220,000 tons) of crude per day from Siberia to Russia’s Far East and then on to China and the Asia-Pacific region.