Ukraine Related Sanctions Hit Firearms Market
Concern Kalashnikov/Izhmash Added to Sanctions List – No More Imports… For Now
The US Office of Foreign Assets Control (OFAC) last week released a list of Ukraine-related sanctions as part of Executive Order 13662—Blocking Property of Additional Persons Contributing to the Situation in Ukraine. To the dismay of AK-type rifles and shotguns, that list included Concern Kalashnikov.
The relevant portion of the sanctions list reads:
The following entities have been added to OFAC’s SDN List:
KALASHNIKOV CONCERN (a.k.a. CONCERN KALASHNIKOV; a.k.a. IZHEVSKIY MASHINOSTROITEL’NYI ZAVOD OAO; f.k.a. IZHMASH R&D CENTER; f.k.a. JSC NPO IZHMASH; f.k.a. NPO IZHMASH OAO; a.k.a. OJSC CONCERN KALASHNIKOV; f.k.a. OJSC IZHMASH; f.k.a. SCIENTIFIC PRODUCTION ASSOCIATION IZHMASH JOINT STOCK COMPANY), 3, Derjabin Pr., Izhevsk, Udmurt Republic 426006, Russia; Registration ID 1111832003018 [UKRAINE2].
