The United States has removed sanctions from several foreign companies previously accused of supplying equipment to Russia, including items linked to its defense and military-industrial sectors.
The changes were published on the US Treasury Department’s website on December 18, without any explanation for the move.
Cyprus-based investment firm and its owner delisted
Among the firms removed is Cyprus-based Veles International Limited and its owner, Dmytro Buhaienko. While the company is tied to an investment group based in Moscow, US sanctions remain in place against its Russian legal entities.
Veles was originally sanctioned in 2023 for operating in Russia's financial sector and working with wealthy Russian private individuals.
Dubai and Turkish firms linked to military exports also dropped
Other companies taken off the sanctions list include Dubai-based 365 Days Freight Services FZCO and Türkiye's Etasis, both of which had been linked to exports of restricted equipment used for military purposes in Russia.
When 365 Days was originally sanctioned in November 2023, the Treasury said the company "specializes in moving high-value goods and computer components" and "has shipped high-priority goods, including machines for the reception, conversion, and transmission of data, to Russia."
Finnish supplier of optoelectronic equipment removed
The Treasury also lifted restrictions on Finland's Hi-Tech Koneisto and its director, Yevheniia Dremova. The company had supplied optoelectronic and laboratory equipment to Russian firms already under sanctions.
Turkish machine tool supplier delisted; Russian buyer remains sanctioned
CPS Proses Kontrol Urunleri, a Turkish company, had previously been sanctioned for sending German- and US-made machine tools to a Russian defense contractor. While the company itself is no longer under US sanctions, the Russian contractor it supplied remains restricted.
US authorities did not indicate whether the removals reflect changes in compliance, enforcement priorities, or broader sanctions policy toward Russia.
The delistings come as White House negotiators have met with Russian President Vladimir Putin in Moscow to push a US deal to end the war in Ukraine, and days after the Treasury extended authorization for Lukoil-branded gas stations outside Russia to continue operating.
