Rosatom meaning

In legal practice, Rosatom refers to the State Atomic Energy Corporation “Rosatom”, the Russian state‑owned nuclear group, and its subsidiaries. It provides full‑cycle civil nuclear services (including uranium supply, enrichment, fuel fabrication, reactor design and construction, operation and decommissioning) and is an international developer of VVER‑1200 pressurised water reactors. This is a descriptive industry term, not a term defined in UK or Irish legislation or case law. For UK and Irish practitioners it commonly arises in sanctions compliance, export controls, nuclear procurement, project finance, and counterparty due diligence. Key legal features and usage: - State ownership and strategic activities mean dealings may engage national security review, procurement exclusions, and enhanced KYC. - UK: the Russia (Sanctions) (EU Exit) Regulations 2019 apply; various Rosatom‑linked entities/individuals have been designated and nuclear‑related goods/technology face controls. England & Wales, Scotland and Northern Ireland apply the same UK regime. - Ireland: EU restrictive measures apply; while the parent has not universally been designated, certain persons/entities have been. Sanctions scope, licensing and exemptions change frequently—check current UK or EU listings. In contracts, “Rosatom” is often defined to include group companies such as Atomstroyexport, TVEL and Tenex, and paired with robust sanctions, export‑control and termination provisions.