Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Executives of Kalashnikov corp say new US sanctions causing indignation

July 31, 2015, 2:54 UTC+3 IZHEVSK

The new US sanctions list includes Kalashnikov’s senior manager in charge of business development Andrey Balyutin

1 pages in this article
© Mikhail Pochuyev/TASS

IZHEVSK, July 31. /TASS/. Spokespeople for Russia’s weaponry maker Kalashnikov corporation have commented on the sanctions introduced by the U.S. against the Izhevsak Mechanical Plant (Izhmekh) company which is about to merge with Kalashnikov.

"These sanctions cause indignation but won’t affect the operation of the enterprise," a press office spokesperson said.

Izhmekh produces exclusively civilian commodities and it stopped exports to the US more than a year ago. Nor does it have any financial transactions on the American territory.

"That’s why the sanctions won’t affect the operations or export revenues in any way," the spokesperson said.

"Still the very fact that Izhmekh, 51% of which is turning over to public ownership, causes astonishment and indignation, especially if one takes account of the final phase of privatization," he said.

"This proves the US is seeking to apply sanctions not only to state organizations but to exert impact on the functioning of private businesses," the spokesperson said. "That’s a testimony to unscrupulous competition and the application of protectionist measures on the background of a growth of sales and demand for Russian firearms on the US market."

"The fact that two workers of the corporation have gotten on the blacklist is equally causing astonishment and indignation, since these persons supervise the sales of purely civilian produce."

As reported earlier, Washington has expanded the sanctions list of individuals and corporations. The revised blacklist includes, among others, Kalashnikov’s senior manager in charge of business development Andrey Balyutin, the former chief of the Russian Presidential Administration Staff, Andrey Kliuyev, the private investor Pyotr Kolbin, Sergey Kurchenko, Alexander Omelchenko, Finnish citizen Kai Paananen, Roman Rotenberg, Olga Semyonova, Eduard Stavitsky, Oleg Usachev, and Alexander Yanukovych, a son of Ukraine’s former president.

Show more
In other media
Partner News