Not a Reasonable Solution
The AKMR would require a new Barrel, Bolt, Bolt Carrier, Gas Piston Assembly (timed to 5.45's "barrel dwell time"), Magazines, Rear Sight and Sight Mount (calibrated to the new round), Springs, and Trunion Mount (to recenter the barrel to the 5.45 bolt's face) to convert it to 5.45mm X 39mm. This would comprise 80% of the cost of a new rifle. The Soviets are too practical for this. They would simply sell TWO used AKMs and build ONE new AK-74 with the money from the sale.
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