Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

Elmec Trade SoftWare OÜ provides leading-edge IT solutions for asset finance and leasing companies as well as mobility providers.

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal
The Company Statement
November 20, 2023

Kyrgyz and Kazakh companies have exported sanctioned dual-use technology to Russian suppliers of the Kremlin's war machine amid Western efforts to stymie such transfers through the Central Asian nations, an investigation by RFE/RL has found. Among OTK Group's other top trading partners are the Russian electronics importers Kvazar and Spetsvoltazh, both of which were sanctioned by the United States in May along with their Estonian-registered supplier, Elmec Trade. According to Estonian Äriregister (business register) Elmec Trade OÜ has been liquidated on 20th November 2023.

June 22, 2023Kyrgyz, Kazakh Companies Send Western Tech To Firms Linked To Kremlin War Machine
June 22, 2023Electronics for Russian military equipment: how the Russian Federation circumvents sanctions with the help of Kazakhstan and Kyrgyzstan
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