Zero Hedge – by Tyler DurdenIf you thought the latest round of US sanctions against some largely unknown Russians and a few new companies listed here, most notably Rosneft and Gazprombank – but not Gazprom, never Gazprom – that would cut off Russian gas to Europe and Merkel doesn’t want that – would be largely a non-event, you are right. Unless you own a Kalashnikov, aka AK-47 rifle. In which case read on.
From the updated sanctions FAQ:
If I own a Kalashnikov product, is that product blocked by sanctions? Am I able to resell a Kalashnikov product at a gun show or other secondary market?
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.
If I have Kalashnikov products in my inventory, can I sell them?
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.
In other words, the US just froze any transactions involving products made by the world’s most popular assault rifle: both purchases and sales. For now, however, one can still buy Russian-made gold and silver. And US rifles, of course…. For now that is.
As for Putin’s response, once he is done laughing, we hope to see the newly-launched BRIC bank provide its first bilateral liquidity swaps with the named individuals and companies. Because that would conveniently frame what the endgame will look like.
http://www.zerohedge.com/news/2014-07-16/if-you-own-kalashnikov-rifle-obama-just-sanctioned-you
Is that OFAC or Of@&$? UN Small Arms Treaty in Affect!
what the hell is “Kalashnikov Concern” ??
almost all AK’s in the u.s. are either u.s. built clones, or they are romanian/bulgarian or chinese copies.
and even if it was russian, the company is called “izhmash”
now here is the funny bit.
izhmash has a contract to provide u.s. police with a large number of saiga12’s
so i guess that means the police are in breach of sanctions!!! LOL
Do you really care what a bunch of low life communist think of you? They will hate you no matter what you do to please them.
Change in thinking are in order for the appeasers. SCREW THEM!!!! Get in their face and shout them down calling them all kinds of vial crap. Its what they are any way. Vial Crap!
Challenge them to call their representatives to base the most draconian SOVIET style laws imaginable. Add a “PLEASE”. Tell who you are talking or shouting to that the sooner they try to get their wish to try and disarm us the sooner we can send them all strait to hell. Tell them that you are looking forward to putting them all on a spit and roasting the whole bunch of them.
Today O’bama sanctions Russia. Tomorrow Putin will speed up the process of dropping the dollar all together and doing business with the BRICS using a basket currency. Next year when the BRICS put sanctions on the US….O’bama will be begging for their business. But it will be to late.
Man, I can’t wait for the day that this treasonous SOB gets his ass nailed to the wall. More chipping away at our rights and no one is saying or doing anything about it.
Oh well, as Bush Jr. used to say (for lack of a better source), “It’s just a goddamn piece of paper”. So let’s see them try and enforce it! 😡