[citation needed] In 1973, the Politburo of the Central Committee of the Communist Party of the Soviet Union made a decision to establish a major nuclear engineering enterprise in Volgodonsk, Rostov Oblast.

In November 1974, the USSR Council of Ministers approved the technical design of the first stage of the industrial complex, which was originally called "The Volgodonsk Heavy Machinery Plant" (VZTM).

[4] The Chernobyl disaster in 1986 and the Dissolution of the Soviet Union decreased the number of orders for the nuclear equipment, and the company had to expand the assortment of manufactured goods.

[12] The financial recovery plan introduced as of November 29, 1995, by the decision of the Arbitration court, brought no results as jobs continued declining and social tensions grew.

In his appeal No.1/6049 to the General Director of the Federal Service for Bankruptcy Proceedings Peter Mostovoy, Chub asks to write off, through the reduction of capital surplus, specific fixed assets and objects under construction of Atommash OJSC for an amount of 878 billion rubles.

Governor Vladimir Chub had no authority to address the General Director of FSBP Mostovoy with a request to approve markdowns and write-offs of assets, which were a legitimate property of thousands of rightful shareholders, of which Russian Federation with its 30% share was the biggest.

LLPs, owned by the corrupt external management of Atommash, obtained strategic raw materials, components and semi-finished products at extremely low prices.

According to Stepanov's letter, the fact of trading liquid assets of Atommash OJSC for EMK-Atommash JSC stock would give the nearly bankrupt company a chance for a settlement with creditors.

At the same time Stepanov, head of both companies, positions liquid assets which Atommash OJSC contributed to the charter capital of EMK-Atommash JSC as long-term investments.

As a result of the obviously inefficient external management on Atommash OJSC, the Arbitrary Court of Rostov Oblast made a decision to recognize the company bankrupt.

The purpose of the bankruptcy of Atommash OJSC was to deprive its majority shareholders – the State itself and Concern YACONTO JSC (Russia, Moscow) – of their property, and therefore, of control over the economic, financial and production activities of the industrial giant.

<...> I was hurt by the privatization of Atommash which occurred without having consulted the federal Minister, by law and order of the regional governors, who though that people working in the nuclear industry are a milking cow that doesn't require any investments.

[24] The Deputy Prosecutor General of Russia Viktor Grin replied on 01.02.2010 to the State Duma that the bankruptcy of Atommash OJSC has been verified by the investigation department of Volgodonsk police.

In 2004, the company's management announced a four-fold reduction in output for nuclear energy and the orientation of the main production to consumers in the gas industry.

[37] The Investigative Committee of Russian Ministry of the Interior instituted criminal proceedings against Alexander Stepanov, the owner of Energomash Corporation and former bankruptcy Referee of Atommash OJSC.

Stepanov claims that representatives of Sberbank and German Gref personally demanded 100 million U.S. dollars in cash and a 75% share in the Energomash holding, in exchange for cessation of persecution.

The State will accumulate the controlling stake in Atommash OJSC by exchanging the 28.5% interest owned by YACONTO LLC for property agreed with investors and partners.

As per the Statements, the implementation of "Project-A" will correspond to the interests of nearly all opposing parties, through settlement of conflicts, disputes, claims, by means of a know-how framework.

No.301/23-4686-12 of 05.09.2012),[43] which speak of inspections of the premeditated bankruptcy of Atommash OJSC carried out by the branches of the Russian Ministry of Interior and General Prosecutor's Office in Rostov region, prompted YACONTO LLC to address Vladimir Putin with a Complaint (out.

[46] On 29.10.2012 Moscow's Presnenskiy district court sentenced the former director of the Energomash group Alexander Stepanov to 4.5 years in prison at the lawsuit from Sberbank of Russia, finding him guilty of attempted 12-billion-ruble fraud and exceeding his authority.

[39] This, however, did not prevent the Saint Petersburg-based Engineering Company AEM-technology JSC (a subsidiary of Atomenergomash, a part of the Rosatom State corporation) from leasing the production assets of the former Atommash OJSC.

The Federal Antimonopoly Service of Russia (FAS), by its decision of October 16, met the petition filed by the Engineering Company AEM-technology regarding the acquisition for temporary ownership and use under a lease contract of up to 100% of fixed production assets of Atommash.

[49] The joint venture "Alstom – Atomenergomash" was established back in 2007[50] but did not have sufficient industrial capacity with respective infrastructure; State Corporation Rosatom was not able to provide those either.

Thus, unique capacities of the former Atommash OJSC and its developed infrastructure found themselves in high demand in Russia which carries out a long-term large scale program for mass manufacturing of high-end goods for nuclear engineering for Russian and foreign customers alike.

Those types of products included, but were not limited to: non-standard metal equipment of large sizes, various metal containers for energy systems (heat-, hydro-, wind power), metallurgical, mining, oil and gas production and processing systems, including ready for use plants for deep processing of petroleum and its residual fractions on the basis of cleaner technologies and processes, compact mini oil refineries with a capacity of 50 to 500 thousand tons per year, mini-factories for recycling and processing of by-products and waste oil, equipment for the construction industry, including equipment for launch pads for missiles and spacecraft, for sea water desalination plants, containers for transportation and disposal of nuclear waste, railroad tank cars for transportation of liquid gas, biomass energy units for reprocessing of agricultural and animal breeding waste into environmentally clean, high-quality fertilizers and methane, etc.

In a few years, some of those items and their components became a subject of investigation in the Arbitration court of Rostov region, during mutual lawsuits between EMK-Atommash JSC and the National nuclear energy generating company Energoatom under Case No.A53-21263/2005 (the claimed value of those goods was several times higher this time), followed by an appellate to the Federal Arbitration Court of the North Caucasian Federal District, Case No.A53-4049/2006, which was concluded with an according Resolution dated 23.03.2010.

[52] Atommash exported its production to Germany, United States, France, China, Japan, India, Singapore, Bulgaria, Greece, Turkey, Iran, Cuba, Indonesia and others.

After being transported by barge over the Tsimlyansk Reservoir, the Volga–Don Canal, the Volga–Baltic Waterway, and the Volkhov River to Novgorod, the reactor was then shipped by a special rail car to Belarus.

[57] Some of the products currently manufactured by Atommash are: refueling equipment and manipulators, spent fuel storages (dry and wet), depleted uranium shielding, lead shielding, condensers, cranes and lifting equipment, specialised doors, heat exchangers, large ferrous components, pool water purification systems, pressure vessels, storage tanks, pumps, valves, nuclear steam supply systems, pressurizers, reactor control rods, drives and mechanisms, reactor internals, reactor pressure vessel seals, containers/casks handling equipment, hydraulic integrated circuits, packaging design and engineering and more.

Concern YACONTO JSC (an industrial conglomerate headquartered in Moscow) was the second largest shareholder of Atommash OJSC after the State itself, holding 28.5% shares as of 1997.