This includes the popular “Saiga” line of rifles and shotguns.
Mikhail Kalashnikov spent his life at the Izhmash firm.
The sanctions were taken because of Russia's aggression toward the Ukraine. Russian banks and energy companies were also targeted.
To be clear, the executive order does not affect Izhmash or Saiga firearms already in this country. This is not an “assault weapons” ban. Instead, it halts the importation of firearms from the Izhmash-based firm.
The news was released without fanfare, when the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added Kalashnikov Concern and other Russian businesses to its “Specially Designated Nationals” or “SDN” sanctions list.
Treasury's Office of Foreign Assets Control (OFAC), according to its website, “administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction. Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments.”
In essence, once the administration targets a foreign business or individual for sanctions, OFAC gets it done.
Once a foreign business or individual is added to OFAC's SDN list, their “assets are blocked and U.S. persons are generally prohibited from dealing with them.”
There is no appeal.
In a statement on their website issued early Thursday, Kalashnikov Concern noted that the sanctions will hurt U.S. consumers.
“It should be noted that the production of ‘Kalashnikov' in the U.S. enjoys high demand, pre-order products civilian three times the annual volume of deliveries. Thus, taken in relation to ‘Kalashnikov' sanctions the U.S. government go against the interests of American consumers,” the statement reads.
The firm is Russia's “largest producer of automatic and sniper combat arms, guided artillery shells, as well as a wide range of civil products – shotguns, sporting rifles, machines and tools.”
It was founded in 1807, and exports arms and tools to 27 countries, including: USA, UK, Germany, Norway, Italy, Canada, Kazakhstan and Thailand.
H/T The Gun Writer