The source term for the JRTR research reactor is derived under an assumed hypothetical severe accident resulting in generation of the most severe consequences. The reactor core is modeled based on the reactor technical design specifications, and the fission products inventory is calculated by using the SCALE/TRITON depletion sequence to perform burnup and decay analyses via coupling the NEWT 2-D transport lattice code to the ORIGEN-S fuel depletion code. Fifty radioisotopes contributed to the evaluation, resulting in a source term of 3.7 × 1014 Bq. Atmospheric dispersion was evaluated using the Gaussian plume model via the HOTSPOT code. The plume centerline total effective dose (TED) was found to exceed the IAEA limits for occupational exposure of 0.02 Sv; the results showed that the maximum dose is 200 Sv within 200 m from the reactor, under all the weather stability classes, after which it starts to decrease with distance, reaching 0.1 Sv at 1 km from the reactor. The radiation dose plume centerlines continue to the exceed international basic safety standards annual limit of 1 mSv for public exposure, up to 80 km from the reactor.