NIERSC was officially founded in 1992 in St. Petersburg, Russia after the initiation by Prof. Ola M. Johannessen and Academician Kirill Ya. Kondratyev.

The Scientific Foundation NIERSC acts not only as a pure scientific but also an educational Center, which along with conducting extensive research studies provides favorable conditions for young scientists to work over their PhD theses. This is intended to ensure continuity in the development of the Russian science.