Sometime after the fall of the Soviet Union, Shatalov received an upgraded Crimson Dynamo armor. Less bulky than Bukharin's model and with silver accents, this was the first Crimson Dynamo armor that was not completely crimson. Shatalov later met Tony Stark in person, when the latter traveled to Russia to oversee the opening of the first Stark Enterprises branch in the country, and revealed to Stark that he had kept his identity as Iron Man a secret. Stark's trip to Russia was interrupted by the rampage of the Titanium Man, Boris Bullski, who still could not accept the new Russia, and saw Stark's presence in his homeland as an affront to everything he believed the U.S.S.R. stood for. As the Titanium Man fought Iron Man, the Black Widow, and the Crimson Dynamo, Shatalov's leg was broken. He begged Iron Man not to finish the fight with Bullski, as he felt having the American Avenger take down a former Soviet hero would be too damaging to his country's morale. Stark volunteered to wear the Dynamo armor in Shatalov's place, and with radio assistance from Shatalov and the Widow, fought Bullski. When Bullski refused to surrender, Shatalov overrode Stark's control of the Dynamo armor, firing a blast that killed Bullski. Shatalov took the fall with his superiors, who had wanted to recover Bullski alive, and he was relieved of his duties as the Crimson Dynamo.