EE Impact

Elmec Trade

Estonia · Defense, Electronics, IT

LeaveRussia detail: Withdrawal

Exited Russia

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

Status last verified 03/08/2026Source checked 18/12/2023Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 20/11/2023 · Reference ↗

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.

Status history since 2022

  1. 03/08/2026 exited · Imported from KSE LeaveRussia

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Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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