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 News Archive 2014






The U.S. Treasury Department takes to its Q & A page to answer questions about the Russian sanctions and the AK-47
by Nathan'ette Burdine: August 12, 2014
 


By posting answers to its Q &A page, the U.S. Treasury Department is trying to ease any concerns that weary Americans may have about the AK-47s they bought from the sanctioned Russian company Kalashnikov.

The first thing that you need to know is that there is no need to worry about any of those scary men from one of the federal, state, and or local governments’ law enforcement agencies knocking at your door if you bought and fully paid for an AK-47 before the sanctions went into effect.

And for those who don’t remember, the sanctions went into effect on July 16, 2014. So, if you bought and have fully paid for your AK-47 from Kalashnikov before July 16, 2014, you can keep it or you can sell it.

Also, according to the U.S. Treasury Department, you can sell your AK-47 if Kalashnikov doesn’t have monetary interests in the sale of your AK-47.

Further, if your AK-47 isn’t fully paid for or you purchased the gun on or after July 16, 2014, then you should contact OFAC. To recap, you may sell your AK-47 as long as it was bought and fully paid for before July 16, 2014.

You may also sale your AK-47 as long as Kalashnikov doesn’t have an interest in the sale of your gun.

Finally, you should contact the OFAC if your AK-47 isn’t fully paid for or if you bought the AK-47 from Kalashnikov on or after July 16, 2014.

If you’re still having trouble understanding how this works, check out the U.S. Treasury Department’s Q&A page and/or contact the U.S. Treasury Department with any questions that you may have.




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