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The U.S. Treasury has removed several Cyprus-linked individuals and companies from its sanctions list tied to Russia, officials confirmed Monday.
Five people and three companies, two of which are based in Cyprus, were taken off the Office of Foreign Assets Control (OFAC) list. The individuals had previously been labeled as “secondary sanctions risks” under Executive Order 14024, which targets harmful activities by Russia that threaten U.S. national security, including election interference, cyberattacks, corruption, and violations of international law.
One of the individuals removed, D.S., is based in Limassol and Monaco and had been connected to Russian billionaire Alisher Usmanov. Three companies tied to D.S., Omnia Services Cyprus, Hightrail Ltd in Limassol, and Omnia Antibes in France, were also delisted.
Other removals include K.A. and A.K.B., linked to Windfel Properties Ltd, Savoler Development Ltd, and Miramonte Investments Ltd, and K.G. and M.G., associated with Almenor Holdings Ltd.
The move lifts U.S. restrictions on the individuals and companies, potentially clearing the way for renewed business and financial activity. Officials noted that the delistings are separate from sanctions imposed over Russia’s actions in Ukraine, focusing instead on other national security concerns identified by the U.S. government.
