The Russian government is currently the majority shareholder of Kalashnikov Concern, the company responsible for the design and manufacturing of AK pattern firearms for the civilian market. This has proved to be a problem in the past most recently when the company was sanctioned by the United States for Russia’s alleged meddling in the 2016 election.
Kalashnikov Concern has been getting around this by establishing a separate company here in the US, but now it appears that the Russian government is trying to get out of the arms manufacturing business.
From CNN Money:
The iconic firearms maker, which is owned by state holding company Rostec, will soon be firmly in the hands of private investors.
Rostec said Tuesday that a deal to sell roughly half of its 51% stake in the original maker of the AK-47 has been agreed, and is now ready to be approved by the government.
The buyer is a private company called TransKomplektHolding, which is owned in part by Kalashnikov chief executive Alexey Krivoruchko. The firm already has a 49% stake in Kalashnikov.
The move comes as part of a larger effort to privatize many of the currently government owned companies and industries.
What impact this will have on the current restrictions surrounding the importation of Kalashnikov firearms — and the future of US-based Kalashnikov USA — is yet to be seen. But now that the company is in the hands of a (nominally) private ownership it’s possible that the restrictions currently in place may be re-examined.
YOU KNOW YOU?RE A GUN NUT WHEN?