In response to the government's passing of the AK-12, Kalashnikov Concern (formerly Izhmash) is planning to develop an AK-74 modernized main battle rifle for the Defense Ministry and Russian Army, although there have been no official announcements concerning AK-74 modernization. A modernized AK-74 model would also be available for export, especially to the United States, where the company has its largest civilian firearms market.[6] However, on 16 July 2014 U.S. President Barack Obama signed an Executive Order banning the importation of Russian-made firearms into the United States in response to Russian military intervention in Ukraine.[16][17]