Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Kiriyenko to Head New Firm

President Vladimir Putin on Wednesday appointed Atomenergoprom chief Sergei Kiriyenko as the head of the country's new state-run nuclear corporation, Rosatom.

The state-run giant will incorporate Atomenergoprom, as well as all civilian and military nuclear facilities, research institutes and all organizations working in the field of nuclear security, the Kremlin said in a statement.

Putin signed a law creating Rosatom on Dec. 3, basing the new structure on the Federal Atomic Energy Agency, also known as RosAtom and headed by Kiriyenko. Putin named Kremlin chief of staff Sergei Sobyanin as chairman of the state-run corporation's board.

Also on the board are Deputy Economic Development and Trade Minister Andrei Belousov; chief military-industrial adviser Igor Borovkov; deputy head of the FSB's economic security department Alexander Bortnikov; presidential aides Larisa Brycheva, Sergei Prikhodko and Igor Shuvalov; and Defense Ministry official Vladimir Verkhovtsev.

Russia plans to increase its dependence on nuclear power to 25 percent of its total electricity needs by 2030, freeing more gas for export. The formation of the new Rosatom allows the government to reorganize its atomic sector, which has been mostly run by state enterprises that are not joint-stock companies, into simpler, corporate structures.

Kiriyenko has said he wants all nuclear activities to be self-sufficient and run like businesses.