Rostec

State Corporation "Rostec"
Rostec (Ростех)
Native name
Государственная корпорация «Ростех»
Gosudarstvennaya Korporatsiya "Rostekh"
FormerlyRostekhnologii
Company typeState corporation
IndustryConglomerate (ISIC: 6420)
Founded23 November 2007; 16 years ago (2007-11-23)
FounderVladimir Putin by signed law[1]
Headquarters
Moscow
,
Russia
Area served
Worldwide
Key people
Denis Manturov (Chairman)
Sergey Chemezov (CEO)
RevenueIncrease$27.2 billion[2] (2017)
Increase$4 billion[3] (2016)
Increase$1.31 billion[3] (2016)
OwnerFederal Agency for State Property Management
Number of employees
453,000[4] (2016)
DivisionsAircraft, Electronics, Armament
SubsidiariesSee § Organization
Websitewww.rostec.ru/en/

Rostec (Russian: Ростех, romanized: Rostekh), formally trading as State Corporation "Rostec" (Russian: Государственная корпорация «Ростех»), fully the State Corporation for the Promotion of the Development, Manufacture, and Export of High Tech Products "Rostec" (Russian: Государственная корпорация по содействию разработке, производству и экспорту высокотехнологичной промышленной продукции «Ростех») and formerly Rostekhnologii (Russian: Ростехнологии, lit. 'Rustechnology'), is a Russian state-owned defense conglomerate headquartered in Moscow.[5]

Established in 2007, the organization comprises about 800 enterprises, which together form 15 holding companies:[6] eleven in the defense-industry complex and three in civil sectors. Rostec's organizations are located in 60 constituents of the Russian Federation and supply goods to over 70 countries worldwide.[7][8]

The organization is headed by Sergey Chemezov, appointed to the position by Russian President Vladimir Putin.[9][10] The 2014 EU sanctions listing for Chemezov describes how Rostec subsidiaries supported Russia's annexation of Crimea.[9][11]

  1. ^ Vahtra, Peeter (2010). "A dawn for outward R&D investments from Russia?" (PDF). Archived from the original (PDF) on 2016-03-04. Retrieved 2013-08-07.
  2. ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  3. ^ a b http://rostec.ru/content/files/documents/GODOVOY_OTCHET_2016.pdf. {{cite web}}: Missing or empty |title= (help)
  4. ^ http://www.rbc.ru/companies/id/399. {{cite web}}: Missing or empty |title= (help)
  5. ^ "Rostec :: About". Rostec. Retrieved 2023-07-19.
  6. ^ "Александр Назаров и другие представители Ростеха провели региональную сессию по нацпроектам в Тульской области". magadanmedia.ru (in Russian). Retrieved 2023-03-21.
  7. ^ "Kazanskiy vertoletnyi zavod OAO : Russian Helicopters names Rostec Deputy CEO Vladimir Artyakov as Chairman of the Board of Directors". 4-Traders. Archived from the original on 2016-11-23. Retrieved 2017-03-14.
  8. ^ Уральский оптико-механический завод оснастит медучреждения Еревана неонатальным оборудованием. Регионы России (in Russian). 16 October 2012. Retrieved 2018-07-02.
  9. ^ a b Dolinina (IStories), Irina. "A Family Affair: How the Relatives of a Russian State Company's CEO Got Rich". OCCRP. Retrieved 2022-02-28.
  10. ^ Coalson, Robert (6 October 2021). "Pandora Leak Again Brings Up A Familiar Russian Name: Rostec CEO Sergei Chemezov". Radio Free Europe/Radio Liberty. Retrieved 2022-02-28.
  11. ^ "EUR-Lex - 32014R0961 - EN - EUR-Lex". eur-lex.europa.eu. Retrieved 2022-03-26.