BSG.BS.00540 — Russian, Moscow GM Seal

Found in Russia.

From HungryDuck;- "right - Moscow (Москва) left - G.M. Tissue (Г.М. [Т]кань) no letter Т in the word [Tissue on the seal]"

Information from Ged Dodd of The PeaceHavens Project, IDS 306:- Г.M. KAHЪ = G.M.KAN (G.M.KAN is a name but G.M.TKAN is a cloth company).