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This lathe was produced by Soviet Union in 1980 and was intended for the school (model STD-120M).
The internet seller assured me that it was in good working condition, but unfortunately it was defective. There were serious electrical issues with it, and a number of mechanical faults.
I spend a lot of time on this project. But in the end the effort has
paid off and I am very happy with the outcome and can now try wood turning.