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Ben van Helden swapped his beautiful CJ for a 1945 M72! It needs some restoration, but it's complete and the papers are genuine 1945. The bike has later wheels for better braking. Ben would like to keep the bike just as it is. (This is a link to the new M72 feature page of his website.)
From Arne: "Here are new pictures of my M72. Changed a few things. Original engine, small tank, aluminium fender."
Roger Weber has a /2 BMW magnetic oil drain plug in his deep oil sump. It's a perfect fit.
Roger's home-made final drive vent. "I drilled a hole into the nut and Crazy Glued an aluminium freezer compressor line. I rolled it around a screwdriver 3 times and painted it black. I used an aluminium line as it is very flexible and forgiving."
Roger's Ural K750 wheel with a Dnepr brake hub. The only adaptation required is a small square cutout you need to perform on the drum. Brake power impooved 200%!
Roger opted to use a 24HP Chang Jiang engine in his M72 conversion. Look at the details on this bike!
Below: More pictures from Roger Weber. "The frame is early CJ750, everything else is M72 from the Ukraine."
"Many of the parts were bought at Motowadim on German eBay. He speaks English and has wonderful parts that fit both CJ and M72. There's another super parts store in Europe selling superb quality items. It's located in Spain and the parts list is available in English."
"I leave you with pictures of the BMW R69S convsersion I built with a R90S engine last year and some of the M72 (work in progress). I am working on a BMW R60/6 engine right now, that will be installed in a couple weeks."
Roger Weber is from Québec and is building an M-72 (BMW conversion) right now. These are his bikes.
Below: M72 images, mostly from eBay auctions.
WWII photo from Gerald Gardebled with an M72 in the background. In the enlarged picture, you will see Russian soldiers planting mines in the road.
These two photos were taken during the celebration of the 65th anniversary of the end of WWII.
Below: License plate collector Cedric Sabine sent these pictures.
From Gerald Gardebled: "Here are pictures of M72s that took part in the military parade in Russia to celebrate the 65th.year of the victory over Nazi Germany."
From Gerald Gardebled: "Attached is a picture of a WWII M72 fitted with a mortar instead of the bucket. You can see it behind the truck during rehearsal for WWII V Day in Ekaterinburg, Russia."
Hundreds of M72s participated in the 1954 China National Day parade in Beijing.
I've been collecting Internet M72 images for years, and here are my favorites. (I don't remember where they all came from. Some are from eBay.) You'll see some really great bikes in this batch of photos.
All of these M72s were offered for sale on eBay Deutschland.
Below, from Gerald Gardebled at Long River Motoworks in Beijing: "This year for its 60th birthday, China is going to have a military parade on Tian An Men Square. Here are pictures taken during the1952 and 1953 National Days. You can see M72s on Tian An Men Square for the big parade."  
More M72s during WWII, courtesy of English Russia, a very cool web site.
Old pictures of M72s from Gerald at LRM
M72s on Red Square in Moscow—from Gerald
More M72s, somewhere in eastern Europe during the Cold War, also from Gerald.
From Lutz: Here's a Russian postage stamp from 1999 that celebrates the M72!
Below: Lutz Kraus sent 50+ old photographs that were taken in the Soviet Union in years gone by. They depict all manner of two and three-wheelers in both civilian and military use. These are the M72s from the selection.    
From Lutz: This M72 solo belongs to Florian Unrath. He completed the bike today, May 9, 2009.
This M72 illustration is superb (and BIG.) It was downloaded from where you can find pictures of other Russian bikes.  
Below, from Lutz: "After eight months of work, here is Michael Vetter's bike. It has a Russian frame, Russian tank, Chinese 6 volt engine, Chinese gearbox and Chinese final drive. The final H on the number plate stands for "historic vehicle" which means low tax and low insurance. It's a German special regulation to support owners of old bikes and cars. I am still working on the police bike. I hope to finish next month."  
From Chris Nieuwenhuize in the Netherlands: "Check out the moss/algae. I found these in Schilde (Belgium) at a very nice bike flea-market. A Polish guy lectured me in a friendly way about the pre-Ural M-72 history. My own (recently registered) M1M looks a bit nicer…"
Below: The early, two-spring saddle from Lutz:
"These pictures show the first type of M72 rear seat. It is really hard to find them. The benefit of this seat is that the passenger sits lower. I guess that the Russians changed to the later model to cut costs."
Below: Comparison of R71, CJ750 and M72 frames from Lutz:
"Here are some frame pictures. The black one is Chinese frame of recent production. The rusty one is a Soviet frame, and the brown one is a German pre-war frame. In general, they have the same dimensions."
"The BMW frame has the pumpholder and the steering lock. It is not reenforced. I have many more pictures and details, but this will be too much. Also, I don’t know the technical terms to describe the small details." :-(
Below: BMW 6V ignition comparison from Lutz:
It's no secret that the 6V ignition is a copy of the BMW ignition. Here you can see them together. The BMW ignition had a special case. It was possible to use them for right or left turning camshafts.

But the rest was 100% BMW.

Below: A fine IMZ solo from Lutz:
Also from Lutz. (I don't know the particulars on this bike... but I sure do like it.)
From Alexander Junior, these pictures of an M72 with an unusual sidecar suspension. Could it have left the factory this way?
From Alex Balmaceda in Fairfax, VA: "Here are a couple of pics of my never ending restoration of a 1954 M-72, original as bought and as of now. There are a number of CJ parts in her too."
We know this lady! From Mike Goldthorpe: "Saw this card in a shop. Looked at the bike and thought...nah, it can't be... can it? And lo and behold, it is! A Russian bike!" [Be sure to enlarge it so you can see the M72.]
Comparison of the R71 and early M72 headlamp from Lutz:
Here is a comparison of the pre-war R71 (1938) headlamp and an M72 headlamp from 1946. You will see that they are not so similar. Notice that the early lamps had used a pre-focus bulb like Indian and Harley-Davidson.
These bulbs were very common in those times but today they are very rare. The lens in the center of the glass is the different between the early Russian and the early Chinese lamp.
M72 production figures
From Lutz: "Here are some pictures of the Russian position light of the sidecar. The dome is real glass. It is a copy of German pre-war sidecar light."
From Lutz: "Here are some of early rear lights. The smaller ones are original early M72 without brake lights. The ones without number plate illumination are for the sidecar. The bigger ones are from 1960 or newer. They had types with and without brake light."
"They are not original M72, but you can find them on many M72s. Normally, they are mounted on K750s. All these lights are hard to find. The difference between Chinese and Russian was the Chinese rear light didn't use mineral glass."
M72 & CJ regulators comparison by Lutz:

The first CJs were built using Soviet M72 regulators. Early Chinese-manufactured regulators were copies of the M72 regulators which later evolved into those we see today.

A pair of older M72 regulators.
The back panels.
This is a Type III M72 regulator.
A typical Chinese regulator.
From Jaime Chamberlain: "Here is a photo of my bike with the kids on it. The M-72 is now totally dismantled for a sandblasting job and paint/powdercoat in Russian army green. It'll be brought back to it's original military configuration with the MG mounts, pannier box, etc. Hopefully, the bike will be done by late spring when it dries up over here in Oregon."
From Hans in Sweden:
"Not a Chang but a Ural. It is an M72, 1946 year model. It came from Poland to Sweden where it was fully renovated by its former owner. I only know about one older, a solo 1942."
Look Ma, no gussets!

From Gerald at LRM: "An original early M72 frame, front and rear fender. Some parts like wheels have been changed over time."
Frans de Wit sent this picture to illustrate the fact that some M72s didn't have their frames reinforced with gussets, particularly the early ones.

This bike is one of the earliest M72s.
From Arne in Germany

"Here's one picture of my M72 solo with Chang engine and gear. BJ 1953, changed a few things as you can see in the picture taken this evening."
Guido Blum's M72 has undergone some changes.
Guido Blum sent this link to a great little M72 film clip on YouTube! Check it out.
He also sent this. These are Russians celebrating victory in the Great Patriotic War, what the rest of us know as WWII. Look at all the M72s.
For comparison with the headlamp your CJ750. I'm told by some pretty knowledgeable people that only the CJ headlamp sports the familiar visor.
For comparison with the rear fender on your CJ750 we have this old one from an M72. Does that reflector look familiar?
Also for comparison, this M72 final drive. Early CJs were equipped with Russian final drives like this one.