In case you were hoping the current ammo shortage was coming to an end, we got some bad news for you. The State Department has just started new sanctions against the Russian government and these sanctions are directly targeting guns and ammo.
These new sanctions are going into effect September 7th and exclusively target the importation of firearms and ammunition. Don’t believe it? Don’t want to believe it? here is the relevant text from the sanctions:
Restrictions on the permanent imports of certain Russian firearms. New and pending permit applications for the permanent importation of firearms and ammunition manufactured or located in Russia will be subject to a policy of denial.
Russian arms are extremely popular despite many having already been banned from importation, but Russian ammunition has been picked up by almost every firearm owner in the United States. Popular calibers like 7.62×39 are mostly made in Russia and American counterparts are extremely expensive in comparison. Enthusiasts of the AK platform and the SKS are going to be reeling from these sanctions. Ironically it was the shortage of 5.56 that pushed many to switch over to this caliber for the first time.
As you are reading this article the price of 7.62×39 is skyrocketing. Prior to the announcement the price of 7.62×39 was roughly 26 cents per round (cpr), now it’s hard to find anything under 40cpr.
This newly imposed shortage will not last forever, but for the next few months it will be extremely hard and expensive to buy 7.62×39.