Research is ongoing!
Not much to find about these J26 pocket watches which seem to be a support item from the "Ostsee Handelsgesellschaft" to the VTOPS (ВТОПАС) "The All-Russian Partnership of Educational-Production Associations of Pre-draftees" or another translation: "All- Russian Society of Educational-Production Associations of Youth In Pre-Conscription Military Training" founded in 1922 by Nikolai Podvoisky.
"Russia's Youth and its Culture: A Nation's Constructors and Constructed"
By Hilary Pilkington
A case in point is that of VTOPAS (All-Russian Society of Educational-Production Associations of Youth In Pre-Conscription Military Traning) founded by Podvoiskii to help group together ‘street’ teenagers im associations.
VTOPAS had expanded to incorporate fifty provincial branches with 100.000 members. However, playing on fears of the revival of petit-bourgeois values especially among youth, the Komsomol accused it of youth syndicalism and, with the help of Molotov, it finally managed to ban VTOPAS along with another thirty organizations (Dolgov 1989).
Pictures courtesy of Glenn Koppel