Breaking News: Izhmash is not insolvent and operations will continue as normal

    This is great news for Saiga rifle and shotgun fans the world over can sleep easy tonight. Backyard Safari reports (Translated in Google, emphasis mine):

    The fact is this: on 21.09.2009 has been reported that a company declare named Gremikha LLC “at the Economic and Trade Arbitration matters relevant indicative of the Republic had requested Udmurtia, the” Izhmash AG “for insolvent. More backgrounds were, and are not known. Maybe Gremikha is or was a creditor of Izhmash who wanted to recover in this way its accounts receivable. As the court date was 07.10. scheduled and thus took place yesterday, the court dealt with the case. Result: The application is not accepted. Izhmash is not insolvent and can thus continue its business operations as normal.
    Good news!

    I was very worried about the outcome of the court case and am relived the supply of Saiga’s and Tigr’s will not run out anytime soon.

    Steve Johnson

    I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!