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Rosatom Corporation

Russia

 

 

 

Date: September 2009 – Ongoing

Deal: Russian company Rosatom has been working on Iran's nuclear plant in Bushehr since the 1970s. In February 2009, Iran's PressTV reported that the project was 95 percent complete, but it has been delayed enormously. Rosatom cites financial difficulties in Russia and U.S.-led sanctions against Iran as factors in the delay (PressTV (Iran), February 7, 2009).

In September 2009, Ria Novosti reported that the plant was 96 complete, and in October 2009, it revealed that final testing began that month (RIA Novosti, September 22, 2009 & RIA Novosti, October 5, 2009).

According to remarks given by Russian Prime Minister Vladimir Putin in March 2010, unit one of the Bushehr plant is expected to open in summer 2010 (Rosatom Website, March 22, 2010).

According to APA in May 2013, Rosatom stated that the plant in Bushehr could start working "shortly" (APA, May 23, 2013).

According to PressTV, Rosatom reached an agreement with Iran in March 2014 to build more nuclear power plants in Bushehr. This agreement is an extension of the agreement between Rosatom and Iran in 1992 which established nuclear cooperation between the two. The capacity of these new facilities is expected to be at least 1000 megawatts (PressTV, June 23, 2014).

According to the Voice of Russia, Rosatom was still in negotiations with Iran in June 2014 for a contract to construct at least two more nuclear power plants in Bushehr. A signed agreement was expected shortly (Voice of Russia, June 23, 2014).

U.S. Business Ties: In 1985, the Soviet Union, France, the United Kingdom, and the United States agreed to start a project to develop peaceful nuclear energy to provide for the world's energy needs. The initial signatories to this project were the Soviet Union (now the Russian Federation), the U.S., the European Union, and Japan. South Korea and China joined the project in 2003, and India in 2005. In 2005, the project chose Cadarache, France as the site of its reactor. In November 2006, the signatories signed the official agreement to form the ITER Project, and in October 2007, after all member states had ratified the 2006 agreement, the ITER Organization to run the project was formed (ITER Website, accessed July 16, 2010).

Under the agreement, each member state is responsible for creating a domestic agency to coordinate between governments and the ITER Organization. Rosatom is in charge of implementing this agreement for Russia, and it finances the manufacture and delivery of equipment to Russia's ITER Domestic Agency (Russia's ITER Domestic Agency Website, accessed July 16, 2010).

According to the Nuclear Threat Initiative, Rosatom is the Russian government's executive agent in the Highly Enriched Uranium (HEU) agreement signed with the United States in 1993, which converts HEU from Russian warheads into low enriched uranium for commercial use in the U.S. Rosatom implements commercial contracts with the U.S. Enrichment Corporation (USEC), which works on behalf of the U.S. government (Nuclear Threat Initiative Website, May 2, 2005).

In June 2010, it was announced that Rosatom-controlled JSC Atomenergoprom's joint stock company TENEX had signed a contract with U.S. company Dominion to sell enriched uranium product (EUP) to the U.S., according to a Rosatom press release (Rosatom Press Release, June 7, 2010).

According to USASpending.gov, Rosatom has received no U.S. government contracts (USASpending.gov, accessed August 13, 2014).

Last Updated: August 13, 2014