Thank you for replying!
I the knob is set at Automatic and not at B and the ISO is correct as well. The lens is a prakticar lens as well!!
I do not know if this is wise, but I have also taken the lens off to check if the shutter behaves the same way without the lens and seems like that is the case. On one of the few youtube videos I found on this camera the individual reviewing it says this issue can occur due to low battery but I have brand new batteries so I have no idea what could be the case...
Thank you so much for all the help!!
EDIT: The camera behaves normally with the flash on (fast shutter speed, but still no light meter)