Losses to Unlicensed AK-47 Production

A company in Russia states that it losses up to $400 Million a year due to sales of counterfeit AK-47s. The company reported that Venezuela is the only country that has an official license that allows for production of Kalashnikovs.

Source: Vladimir Isachenkov, “Russia cracks down on fake Kalashnikovs,” Independent, October 24, 2009.