Russia’s “medical equipment” holding makes photodiodes for Iskander missiles. Most of it is still outside sanctions

The eighth Rostec holding has been exposed.
Bloomberg: Putin’s strength in Ukraine may be an illusion as Russia’s corporate debt hits $ 446 billion
The Kremlin in Moscow, Russia. Photo: Depositphotos
Russia’s “medical equipment” holding makes photodiodes for Iskander missiles. Most of it is still outside sanctions

The Ukrainian Defense Intelligence has released data on 48 enterprises of the “Shvabe” holding. It is part of the Russian state corporation Rostec and produces military goods.

Although “Shvabe” is formally positioned as a manufacturer of medical and civilian equipment, its enterprises are in fact engaged in the development of a wide range of weapons, including UAVs, targeting systems, and components for missile and artillery systems.

Medical facade for Russian military industry

The intelligence agency emphasizes that the “Shvabe” case demonstrates the absence of any real separation in Russia between civilian and military production, where virtually any technological enterprise can be integrated into the war machine.

According to intelligence data, part of the holding’s enterprises are still not under sanctions, despite their direct involvement in supporting the Russian army.

Optics, missiles, and dual-use technologies

Among the key enterprises mentioned is the “Sapphire” plant, which produces photodiodes for Iskander-M missiles and components for Krasnopol-M2 projectiles.

Also highlighted is the “Photon” design bureau, which manufactures laser rangefinders and thermal imaging systems.

Another entity, “Germanium,” supplies materials for infrared optics and fiber-optic systems used in defense and radio-electronic industries.

Global network extending beyond sanctions

The holding also includes foreign assets, including China-based Shvabe Opto-Electronics Co., Ltd and Belarusian enterprise “Shvabe (Minsk)", expanding access to components and technologies.

According to intelligence, at least 30 enterprises within “Shvabe” remain outside sanctions pressure, enabling continued circumvention of restrictions.

Rostec as ecosystem of war

“Shvabe” is the eighth holding of Rostec, whose structure has been fully mapped by Ukrainian intelligence.

In total, the intelligence agency has identified 553 enterprises of the Russian state corporation that directly or indirectly support Russia’s military capabilities. 

Previously, Ukraine’s Defense Intelligence released an interactive 3D model of the “Knyaz Veshchiy Oleg", revealing components from China, Thailand, and Switzerland. The $100,000 Russian drone turns out to depend on foreign technology. 

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