Rosatom (Russian state corporation)

Rosatom State Atomic Energy Corporation (Russian: Росатом; IPA: [rɐsˈatəm]) is a state corporation (non-profit organization) in Russia, established in 2007, the regulatory body of the Russian nuclear complex. It is headquartered in Moscow. Rosatom is the only vendor in the world able to offer the nuclear industry’s entire range of products and services. It runs all nuclear assets of the Russian Federation, both civil and weapons. Along with commercial activities which move forward nuclear power and nuclear fuel cycle facilities, it acts as a governmental agent, primarily in the field of national security (nuclear deterrence), nuclear and radiation safety, basic and applied science. Besides, it has the authority to fulfill on behalf of the Russian Federation the international commitments undertaken by the nation with regard to the peaceful use of atomic energy and non-proliferation. The Russian Government has set three major goals for ROSATOM: ensure sustainable development of the Nuclear Weapons Complex; increase nuclear contribution in electricity generation (to 25%-30% by 2030) with continued safety improvement; and strengthen the country’s position on the global market of nuclear technology, by expanding traditional markets and winning new ones.

The Ministry for Atomic Energy of the Russian Federation (Russian: Министерство по атомной энергии Российской Федерации), or MinAtom (МинАтом), was established on January 29, 1992 as a successor of the Ministry of Nuclear Engineering and Industry of the USSR. It was reorganized as the Federal Agency on Atomic Energy on March 9, 2004. According to the law adopted by the Russian parliament in November 2007, and signed by Russian President Putin in early December, the agency was transformed to a Russian state corporation.

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