However, due to the dissolution of the USSR, the new Russian league system was organized, and Asmaral was accepted into the top-flight Russian Top Division, where it reached the 7th place in the inaugural 1992 season. In the next 1993 season, it was relegated to the Russian First Division, then suffered two consecutive relegations in 1995 and 1996, ending up in the Russian Third Division. Following the 1998 season, it lost the professional status (entering amateur leagues) and was dissolved altogether after the 1999 season,[2] and being declared bankrupt in September 2003.[3]