AK-47s become hot commodity after U.S. sanctions

“Here’s a surprising effect of the latest U.S. sanctions against Russia: a run on AK-47s.  Among the companies sanctioned this week was Kalashnikov Concern, the maker of the gun. The Obama administration issued sanctions against Russian companies in response to Russia’s role in a separatist movement in Ukraine. According to the Treasury Department, Kalashnikov Concern is banned from importing its guns — including the AK-47 and more advanced AK-74 — into the United States. But, in a statement posted on its Web site, Treasury said Americans are allowed to own, buy and sell the guns, so long as they were already in the U.S. prior to the sanctions.”

http://money.cnn.com/2014/07/18/news/companies/ak-47-kalashnikov/

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