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What the AK-47 Ban Means For You

Resource: http://www.washingtontimes.com/news/2014/jul/16/treasury-ak-47-owners-sanctions-against-russia-won/
What the AK-47 ban means to you - If you already own your AK-47 you are fine...even for secondary markets. From what I can see, it just means no transaction can occur if it will end up in money going to 'Kalashnikov Concern'

If a U.S. person is in possession of a Kalashnikov Concern product that was bought and fully paid for prior to the date of designation (i.e., no payment remains due to Kalashnikov Concern), then that product is not blocked and OFAC sanctions would not prohibit the U.S. person from keeping or selling the product in the secondary market so long as Kalashnikov Concern has no interest in the transaction. New transactions by U.S. persons with Kalashnikov Concern are prohibited, however, and any property in which Kalashnikov Concern has an interest is blocked pursuant to OFAC’s designation of Kalashnikov Concern on July 16, 2014. If a U.S. person has an inventory of Kalashnikov Concern products in which Kalashnikov Concern has an interest (for example, the products are not fully paid for or are being sold on consignment), we advise that U.S. person to contact OFAC for further guidance on handling of the inventory. [7-16-2014]

If a U.S. person has an inventory of Kalashnikov Concern products in which Kalashnikov Concern has an interest (for example, the products are not fully paid for or are being sold on consignment), we advise that U.S. person to contact OFAC for further guidance on handling of the inventory. [7-16-2014]




What it means to me personally is...who wants a Romanian AK-47 for the low price of 2500 dollars...also will trade for SCAR-H. =]

About the Author:
Michael is a career programmer who started easy bake gun club with his friends when they couldn't go shooting because of the great ammo shortage of 2012. When he isn't writing code or shooting guns, he can be found playing video games or recording sissy new wave nerd rock.