07-26-2014, 01:01 PM
TURMOIL IN THE UKRAINE CONVERTS TO SHORT TERM BUSINESS BOOST FOR U.S. GUN RETAILERS
Snip:
The Obama administration last week announced a new round of sanctions against Russia that it says are intended to discourage Russia from continuing to support rebel groups in eastern Ukraine. Companies blacklisted by the U.S. include Russian banks, energy firms and eight weapons manufacturers -- including Kalashnikov Concern, a maker of what is arguably the most popular weapon in the world, the AK-47.
The move sent American gun buyers into a frenzy, seeking to buy the AK-47s that are already for sale in the U.S.
Blaine Bunting, president of Maryland gun distributor Atlantic Firearms, said Tuesday that orders for their AK-47-style rifles and shotguns have "tripled, if not quadrupled" since Obama announced the sanctions.
"We have 15 employees here, and yesterday we started at 7:30 in the morning and didn't leave until eight at night," he said. After selling more than 400 Russian guns in just a couple days, Bunting said, Atlantic Firearms is sold out. Its website has a notice to buyers warning that the import ban may cause delayed shipping times:
![[Image: o-ASDF-570.jpg?2]](http://i.huffpost.com/gen/1925923/thumbs/o-ASDF-570.jpg?2)
An AK-47 is a gas-operated 7.62 caliber rifle. It was invented in 1947 by the Russian general Mikhail Kalashnikov for use in the Soviet Army, but later became popular partly because of its simplicity and reliability. AK-47s have been used throughout the world by national armies, revolutionaries, guerrillas and paramilitary groups, among others. There are believed to be about 100 million in circulation worldwide.
Full story: http://www.huffingtonpost.com/2014/07/24...r=Business
Snip:
The Obama administration last week announced a new round of sanctions against Russia that it says are intended to discourage Russia from continuing to support rebel groups in eastern Ukraine. Companies blacklisted by the U.S. include Russian banks, energy firms and eight weapons manufacturers -- including Kalashnikov Concern, a maker of what is arguably the most popular weapon in the world, the AK-47.
The move sent American gun buyers into a frenzy, seeking to buy the AK-47s that are already for sale in the U.S.
Blaine Bunting, president of Maryland gun distributor Atlantic Firearms, said Tuesday that orders for their AK-47-style rifles and shotguns have "tripled, if not quadrupled" since Obama announced the sanctions.
"We have 15 employees here, and yesterday we started at 7:30 in the morning and didn't leave until eight at night," he said. After selling more than 400 Russian guns in just a couple days, Bunting said, Atlantic Firearms is sold out. Its website has a notice to buyers warning that the import ban may cause delayed shipping times:
An AK-47 is a gas-operated 7.62 caliber rifle. It was invented in 1947 by the Russian general Mikhail Kalashnikov for use in the Soviet Army, but later became popular partly because of its simplicity and reliability. AK-47s have been used throughout the world by national armies, revolutionaries, guerrillas and paramilitary groups, among others. There are believed to be about 100 million in circulation worldwide.
Full story: http://www.huffingtonpost.com/2014/07/24...r=Business