IZHEVSK, August 16 - RAPSI. An Udmurtia court has declared the Izhevsk Machine-Building Plant (Izhmash) bankrupt and initiated a supervisory procedure at the plant, RIA Novosti reported.

The bankruptcy appeal against the plant was filed by Izhstanko on July 1. The court has recognized its claim worth 814, 417 rubles (approximately $28,276).

Izhmash is an industrial company founded in 1998 on the basis of the Izhevsk Machine-Building Plant. Izhmash comprises several enterprises that design and produce combat and civil firearms.