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OJSC Machine Engineering Technologies

OJSC Machine Engineering Technologies is a major Russian holding company. Its product range includes precision-guided munitions and artillery rounds, multiple rocket launchers and small-caliber ammunition. OJSC Machine Engineering Technologies was established by Russian Technologies in 2011 as a holding company operating in the ammunition and special chemicals sector.

Sergey Nikolayevich Rusakov was General Director of the Holding. Some 90 percent of equipment and materials used by Russia's largest arms manufacturer, Machine Engineering Technologies, is domestically produced, the company's CEO Sergei Rusakov said on 30 September 2014. 'Our localization is 90 percent. We are able to produce everything within Russia,' Rusakov told reporters.

Russian arms manufacturers are still interested in cooperating with foreign colleagues, he noted. According to Rusakov, Russia has 'considerable experience in developing new weapons from scratch', which 'makes it possible to set up joint ventures abroad'. 'What the market demands is what we are making a bet on,' he said. 'We are also ready to create service centers, accept orders for pilot construction work,' Rusakov added.

On 02 December 2015 the US Treasury Office of Foreign Assets Control [OFAC] added TechMash to the Ukraine-related sanctions program – both on the Specially Designated Nationals List (SDN) and Sectoral Sanctions Identification (SSI) List. The Ukraine\Russia-related sanctions program represents the implementation of multiple legal authorities. Some of these authorities are in the form of an executive order issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are published the Code of Federal Regulations (CFR). Prohibited transactions are trade or financial transactions and other dealings in which U.S. persons may not engage unless authorized by OFAC or expressly exempted by statute

The history of many enterprises and research institutions that are included in the holding company goes back several decades. For example, NPO Pribor has occupied a leading position in Russia’s industry for over fifty years. The company is a specialized manufacturer of ammunition for small-bore automatic artillery systems, automatic, hand-held and rifle-mounted grenade launchers for all service branches of the Russian armed forces. The company also produces food processing, medical, agricultural, environmental, drying and point-of-sale equipment, instruments and other products.

Splav Research and Manufacturing Company which joined the holding company in summer 2012 is one of the world's leading manufacturers of multiple launch rocket systems. The history of this organization can be traced back to 1945. Using its high scientific and technical potential, Splav was able to establish production of the high-tech civilian goods on the basis of traditional military technology.

High-performance models of modern weapons manufactured by Machine Engineering Technologies are put into service by armies of more than 100 countries worldwide. Basalt has transferred licenses for production of 61 types of ammunition, including 20 types of aircraft bombs, anti-tank grenade launchers, 28 close combat weapons, 13 types of mortar rounds to 11 countries which set up over 20 plants to manufacture these products.

Machine Engineering Technologies’ product range includes:

• cannon-launched precision-guided munitions and artillery rounds for different purposes
• multiple launch rocket systems
• unguided air-delivered small-calibre ammunition
• prospective models of aircraft and bomb weapons and other military products

The range of civilian goods includes:

• agricultural machines with mounted and trailed equipment
• metal products and components for mechanical engineering
• equipment for mining and exploration
• electrical products
• industrial explosives and products made from them
• bellows, main pumps, and consumer goods.

THE HOLDING COMPRISES THE FOLLOWING COMPANIES