Since the Western sanctions, due to the crash in the value of Roubles against the US Dollar, it takes more of their Roubles now to pay for services, raw materials, wages/labour (higher cost of living), so makes manufacture and their business model less profitable now. Although I think their Chintoy line looks great, it was already too expensive for me (GBP20 for 8 figures) to buy. And so their higher brand line (Engineer) forget it. Raising their prices was not really a viable solution...so I guess the actions of their Government has put them out of business.