35th Anniversary of the Highest Naval School of Submarine Navigation (VVMUP), commemorative badge, 1992.
Brass, paint; 39.2 mm tall x 39.1 mm wide. Very well made piece in excellent condition. The screw plate with Pobeda factory logo is contemporary to the badge although not necessarily original to it.
Although technically post-Soviet, this badge shows the Soviet Naval Ensign and is clearly Soviet in style. Probably awarded to staff, faculty and possibly to some of the alumni to commemorate the anniversary.