Russian-American Company
State-sponsored chartered company of the Russian Empire
Russian-American Company
The Russian-American Company Under the High Patronage of His Imperial Majesty was a Russian state-sponsored chartered company formed largely on the basis of the United American Company. Emperor Paul I of Russia chartered the company in the Ukase of 1799. It had the mission of establishing new settlements in Russian America, conducting trade with natives, and carrying out an expanded colonization program. Russia's first joint-stock company, it came under the direct authority of the Ministry of Commerce of Imperial Russia. Count Nikolai Petrovich Rumyantsev (Minister of Commerce from 1802 to 1811; Minister of Foreign Affairs from 1808 to 1814) exercised a pivotal influence upon the early activities of the company. In 1801 the company's headquarters moved from Irkutsk to Saint Petersburg, and the merchants who were initially the major stockholders were soon replaced with Russia's nobility and aristocracy. Count Rumyantsev funded Russia's first naval circumnavigation of the globe under the...
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