Source link : https://london-news.net/russian-defense-supplier-on-brink-of-bankruptcy-amidst-price-control-crisis/
A Russian electronics firm that provides power components for military jets and commercial aircraft, such as the Sukhoi Superjet, has ceased operations and is facing potential bankruptcy, as reported by the tech publication Cnews.
Optron-Stavropol, known for supplying power semiconductors to aircraft manufacturers like MiG, Sukhoi, and Tupolev, as well as the forthcoming MC-21 airliner, suspended its operations in March.
The company posted a net loss exceeding 149 million rubles (around $1.7 million) in 2024 alone, and by June, its debts to creditors had escalated to 230 million rubles ($3 million).
With its bank accounts frozen and debts mounting, the firm has stated that it can no longer maintain its business activities.
Pavel Bondarenko, the company’s leader, attributed the crisis to defense contracts that compel the company to sell at prices dictated by the state, which are significantly lower than its production costs.
According to Russian legislation governing state defense orders, the military sets the prices for dual-use products.
For instance, the price established by the Defense Ministry for a single diode is 2,600 rubles ($33) per unit, while the company would need to charge 3,600 rubles ($46) to break even on production costs.
Bondarenko explained, “The company cannot meet its expenses and has been forced to lay off employees.”
Alexei Novosyolov, the general director of microchip manufacturer PKK Milandr, mentioned to CNews that “The Defense Ministry…
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Author : rimmaruslan98@gmail.com
Publish date : 2025-06-28 16:34:00
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