“Umatex serves as the material base for a significant portion of Russian military programmes,” said Olena Yurchenko, Director for Analysis, Investigations and Research at ESCU, in a conversation with The Guardian.
The UK government issued an export licence for the supply of high-tech equipment from Cygnet Texkimp to Armenia, to the company Rydena LLC. At the same time, Rydena may be connected to the sanctioned Umatex — part of Rosatom and Russia’s largest producer of carbon fibre, used in weapons production.
What ‘red flags’ tie Rydena to Russia, and can the deal be cancelled? Read in The Guardian.