Posted June 26, 2017 2:39 pm by Comments

By AmmoLand Editor Duncan Johnson

U.S. Government Expands Ukraine Sanctions to Include Russian Firearms Manufacturer Molot-Oruzhie
U.S. Government Expands Ukraine Sanctions to Include Russian Firearms Manufacturer Molot-Oruzhie

Reeves & Dola, LLPU.S.A.-(Ammoland.com)- On June 20, 2017, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced expansion of sanctions imposed on persons and entities in Russia pursuant to Executive Orders President Obama issued in 2014.

The 2014 sanctions were imposed because the Obama Administration determined the designated persons were contributing to the situation in Ukraine. Readers may recall that the 2014 sanctions named Kalashnikov Concern as one of the Specially Designated Nationals subject to the sanctions. Now, OFAC has added Molot-Oruzhie, OOO, to the list of sanctioned entities, stating that Kalashnikov Concern used the company to falsify invoices in order to circumvent U.S. and European Union sanctions. Molot-Oruzhie is a manufacturer of firearms and accessories, including the VEPR rifle.

Subsequent to the OFAC announcement, the Department of Commerce’s Bureau of Industry and Security (BIS) published a notice in the June 22, 2017 Federal Register adding ten entities to the Entity List, including Molot-Oruzhie, OOO. The BIS notice is consistent with the OFAC press release and indicates the sanctions imposed on Molot-Oruzhie are imposed in accordance with Executive Order 13661. …Read the Rest

Source:: AmmoLand

Leave a Reply

Your email address will not be published. Required fields are marked *