Does anyone know the story with Russian Pobeda watches with IWC dials?

You can find these watches all over on sites like eBay. They’re from the 80’s and 90’s. Was there some sort of licensing deal, or was Podeda stealing the IP?

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The word on Google Street, is that they are pretty much junk.

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foghorn

The word on Google Street, is that they are pretty much junk.

Yeah I saw that and I really don’t believe that to be true. Sure they’re not fine Swiss chronometers, but these Russian watches have proven to be reliable watches that are great for the money. Just curious how so many of them have ended with IWC on the dial

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Are these from India? I've seen all sorts of frankenwatches from there.