for new products stood at ₽1,602.1 billion while revenue reached ₽261.1 billion. History Several Soviet and Russian government entities with different tasks are among the Rosatom predecessors. On 26 June 1953, the Council of Ministers transformed the First Main Directorate in charge of nuclear weapons program into the Ministry of Medium Machine Building (MinSredMash). The ministry was entrusted with the development of the civic nuclear power program. In 1989, Minsredmash and the Ministry of Atomic Energy merged to form the Ministry of Nuclear Engineering and Industry of the USSR. The Ministry for Atomic Energy of the Russian Federation [(Russian: Министерство по атомной энергии Российской Федерации, also known as Minatom (Russian: Минaтом)] was established as a successor to the Russian part of the Ministry of Nuclear Engineering and Industry of the USSR on 29 January 1992, after the dissolution of the Soviet Union. The newly created ministry received about 80% of the enterprises of the union department, including 9 nuclear power plants with 28 power units. Under this name, the ministry existed until 9 March 2004, when it was transformed into the Federal Agency on Atomic Energy. On 1 December 2007, Russian President Vladimir Putin signed a law adopted by the Federal Assembly under which the Federal Atomic Energy Agency were to be abolished, and its powers and assets were to be transferred to the newly created "State Atomic Energy Corporation Rosatom." On 12 December of the same year, the agency transformed into a state corporation. In 2017, Rosatom decided to invest in wind power, believing that rapid cost reductions in the renewable industry will become a competitive threat to nuclear power, and started to build wind turbines. Rosatom was also concerned that nuclear export opportunities were becoming exhausted. In October, Rosatom was reported to be considering postponing commissioning new nuclear plants in Russia due to excess generation capacity and that new nuclear electricity prices are higher than for existing plant. The Russian government is considering reducing support for new nuclear under its support contracts, called Dogovor Postavki Moshnosti (DPM), which guarantee developers a return on investment through increased payments from consumers for 20 years. On 28 June 2017, The Financial Times criticized Rosatom for lack of transparency regarding an alleged expansionist agenda through its role as a "Kremlin-controlled company". On 20 March 2018, this criticism was underlined by the Bellona Foundation, who focused on the scarce data available on Rosatom's