Obama's Sanctions Against Russia Spark 'AK-47' Buying Frenzy In US!

Russian-made firearms are reportedly flying off the shelves of American gun stores after the United States Treasury Department announced sanctions last week against the maker of the popular AK-47 rifle.

Kalashnikov Concern, the company responsible for the eponymous gas-operated 7.62 caliber assault rifle known largely around the world as the AK-47, is among the latest Russian-owned entities to be blacklisted by the US government following last Wednesday’s announcement that several Russian banks, energy firms and weapons makers were being targeted by new sanctions.

Gun sellers now say the Obama administration’s decision to sanction the company has caused a spike in sale in the week since, with some retailers warning customers that their stocks have been decimated upon the addition of Kalashnikov Concern to the Treasury’s roster of blacklisted businesses.