The United Rocket and Space Corporation (Russian: Объединенная ракетно-космическая корпорация) or URSC was 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 with a Sberbank cooperation agreement, and 2015 with a process to merge with the Russian Federal Space Agency to create the Roscosmos State Corporation. Roscosmos Space Agency, as a state agency, was abolished in December 2015 and the Roscosmos state-run corporation took over 1 January 2016.