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IZHEVSK, September 9. /TASS-DEFENSE/. The Kupol Electromechanical Plant in Izhevsk, which is on the US sanctions list, has stepped up its output by over 647% this year, the regional governor’s press office told TASS on Wednesday.
"In spite of the sanctions, Kupol keeps on increasing its output that has totaled 5,819 million rubles (about $87 million) over the past seven months — a 647.5% increase over the same period of 2014," the press office said.
The monthly salaries averaged 35,912 rubles (around $528) in the first six months of 2015 — a 10.7% growth.
Kupol has enough government-awarded orders to last through the year, with contracts being made for three to four years to come. Udmurt Industry and Trade Minister Oleg Radionov said that the plant’s output would exceed last year’s production in 2015 "both in volume and value".
Kupol is a subsidiary of Almaz-Antey JSC, on which the United States imposed sanctions on July 17, 2014.
Kupol is the manufacturer of the Tor and Osa short-range surface-to-air missile systems and such commercial products as nuclear power plant equipment, fan heaters, hot air curtains, gas radiant heating systems, infrared heaters, subway car gear units, highly purified materials, oil production equipment and plastic items.