7.62x54R MFS БПЗ

Who made it? I assume it is Hungarian and not Nepalese. What does it say to the right of MFS?
image

It is the sign of the Tula Cartridge Works. Here is the 9 mm Luger version:

I don’t know what the connection between Tula and MFS is, though.
morten

Morten, it is Barnaul.

barnaul.co.nz/

MFS has a joint venture with Barnaul and is marketing the ammo in the west through RUAG which is owning MFS.

EOD is correct
БПЗ = Барнаульский Патронный Завод
Barnaul Cartridge Plant, Russia