In the mid-2000s, JSC Techsnabexport actively joined the process of market reforms in the Russian nuclear industry and played an important role in drafting the concept of reforms and legal regulations for their implementation.
Since its establishment in July 1963, JSC Techsnabexport has been inseparably linked to the nuclear industry. In its first 25 years, the Company was part of the Ministry of Foreign Trade of the USSR and carried out export-import operations with a broad list of products and services in the interests of the Soviet nuclear industry. After becoming subordinate to the Ministry of Medium Machine Engineering of the USSR (which was in charge of the Soviet atomic programme at that time) in 1988, the Company retained and strengthened its basic status as a foreign trade company operating in the global uranium market.
The 1990s were a difficult time for the nuclear industry, but the Company ensured a sustainable receipt of currency proceeds, which were the most important source of nuclear industry financing over that period of time, while also consistently increasing export volumes of uranium products and radioisotopes.
In the mid-2000s, JSC Techsnabexport actively joined the process of market reforms in the Russian nuclear industry and played an important role in drafting the concept of reforms and legal regulations for their implementation.The Company consolidated a number of industrial assets required for the sustainable functioning of NFC enterprises and acted as a co-founder of Russian-Kazakh joint ventures for uranium mining and enrichment. These projects, along with uranium mining and enrichment assets, isotope-selling assets, assets related to the leasing of industrial equipment, and the SNF
Spent Nuclear Fuel
In the system of business units that ROSATOM is building, JSC Techsnabexport represents the leading company for the promotion of enriched uranium for power and research reactors in the global uranium conversion and enrichment market. In doing so, it carries out global marketing and deliveries of enriched uranium product to utilities operating non-Russian NPPs in Europe, the Americas, Asia and Africa.
The Company also functions as an integrator of commercial offers targeted to large customers and acts to raise foreign loans with beneficial terms in the interests of nuclear industry enterprises.
With 100% of its shares held by the nuclear industry holding company JSC Atomenergoprom, JSC Techsnabexport is part of ROSATOM’s Development and International Business arm.
Resources needed to fulfil the contractual commitments of the Company come from long-term delivery contracts for uranium feed, uranium conversion, and enrichment services signed with JSC ARMZ and JSC TVEL.