Baku 13˚C Sunny

Special Report: Dozens of Russian weapons tycoons have faced no Western sanctions

Headlines 16:21 01 Jul, 2022

The company itself was sanctioned by the United States in 2014

Special Report: Dozens of Russian weapons tycoons have faced no Western sanctions

As Russia's military continues to pound Ukraine with missiles and other lethal weapons, Western nations have responded in part by targeting Russia's defense industry with sanctions. The latest round came on Tuesday, when the United States issued new sanctions on some arms makers and executives at the heart of what it dubbed Russian President Vladimir Putin's "war machine.", Qazet.az reports.

But a Reuters examination of companies, executives and investors underpinning Russia's defense sector shows a sizable number of players have yet to pay a price: Nearly three dozen leaders of Russian weapons firms and at least 14 defense companies have not been sanctioned by the United States, the European Union or the United Kingdom. In addition, sanctions on Russia's arms makers and tycoons have been applied inconsistently by these NATO allies, with some governments levying penalties and others not, the Reuters review showed.

Among the weapons moguls who have not been sanctioned by any of those three authorities is Alan Lushnikov, the largest shareholder of Kalashnikov Concern JSC, the original manufacturer of the well-known AK-47 assault rifle. Lushnikov owns a 75% stake in the firm, according to the most recent business records reviewed by Reuters.

The company itself was sanctioned by the United States in 2014, the year Russia invaded and annexed the Ukrainian peninsula of Crimea. The EU and UK leveled their own sanctions against Kalashnikov Concern this year.