The other day we reported that a press release issued by President Obama might affect the Russian arms/ammo industries. Many people said it would not. However it’s pretty clear based on the wording of the EO that it could.
Here is the wording of the EO,
Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person (including any foreign branch) of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in:
(i) the persons listed in the Annex to this order; and
(ii) persons determined by the Secretary of the Treasury, in consultation with the Secretary of State:
(B) to operate in the arms or related materiel sector in the Russian Federation;