Released earlier today as part of a new line of “targeted” sanctions, the US Department of Commerce has banned all financial transactions with Izhmash & Kalashnikov Concern. While not a outright ban on imports, prohibiting companies from dealing with the manufacturer or its interests monetarily will kill the supply.

To put it plainly, there will be no more imports of popular Saiga rifles, shotguns, and other sporting arms for the foreseeable future.

The ban is effective today until otherwise lifted by Executive Order (or Congressional Action to that effect.)

You can see the announcement by clicking here.

Straight from the FAQ:

374. If I own a Kalashnikov product, is that product blocked by sanctions?  Am I able to resell a Kalashnikov product at a gun show or other secondary market? 

If a U.S. person is in possession of a Kalashnikov Concern product that was bought and fully paid for prior to the date of designation (i.e., no payment remains due to Kalashnikov Concern), then that product is not blocked and OFAC sanctions would not prohibit the U.S. person from keeping or selling the product in the secondary market, so long as Kalashnikov Concern has no interest in the transaction.  New transactions by U.S. persons with Kalashnikov Concern are prohibited, however, and any property in which Kalashnikov Concern has an interest is blocked pursuant to OFAC’s designation of Kalashnikov Concern on July 16, 2014.  If a U.S. person has an inventory of Kalashnikov Concern products in which Kalashnikov Concern has an interest (for example, the products are not fully paid for or are being sold on consignment), we advise that U.S. person to contact OFAC for further guidance on handling of the inventory. [7-16-2014]