The United Rocket and Space Corporation or URSC[1] is a Russian joint-stock corporation formed by the Russian government in 2013 to renationalize the Russian space sector. The government intended to do so in such a way as to "preserve and enhance the Roscosmos space agency". The reorganization continued into 2014[2] with a Sberbank cooperation agreement,[3] and 2015 with a process to merge with the Russian Federal Space Agency to create the Roscosmos State Corporation.[4] Roscosmos Space Agency, as a state agency, was abolished in December 2015 and the Roscosmos state-run corporation took over 1 January 2016 and the United Rocket and Space Corporation became part of the newly formed Roscosmos State Corporation in accordance with presidential decree No. 221.[5]