Minister of The Russian Navy
In 1868–1870- Governor of Vilno. In 1870 Ivan Shestakov gave his resignation, but in 1872 he served again as Naval Agent to Austria and Italy. In 1881 - President of the Shipbuilding Committee. In 1882 he was appointed Minister of the Russian Navy. Shestakov contributed a lot to rebirth of the Black Sea Fleet (1886) and strengthening the Baltic Fleet and Siberian Flotilla. He also introduced a new system of service for the naval officers and started a large-scale building of armored ships, as battleships and armored cruisers, such as Russian armoured cruiser Vladimir Monomakh, Russian armoured cruiser Admiral Nakhimov, Ekaterina II class battleships and Imperator Aleksandr II class battleships. In 1888, Ivan Shestakov was promoted to the rank of the Imperial Russian Navy admiral.
Ivan Shestakov died in Sevastopol on December 3, 1888. He was buried in Sevastopol in the Temple of Saint Vladimir.
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