Sanctions on Russian firms lifted

11 May 2004

Washington has lifted sanctions on six Russian companies imposed over the past nine years for arms and technology sales to rogue nations. In notices published in the Federal Register, the State Department said it had waived penalties “in the foreign policy and national security interests of the United States.”

The firms include Europalace 2000, Grafit, MOSO Company, the Scientific Research and Design Institute of Power Technology (NIKIET), TZNII Central Scientific Research Institute of Precision Machine-Building and the Volsk Mechanical Plant. NIKIET was accused of passing sensitive nuclear technology to Iran.

Sanctions remain in force against five other Russian organisations including Baltic State Technical University in St Petersburg, Glavkosmos, and the Moscow Aviation Institute as well as the Mendeleyev Chemical Technological Institute and the Tula Design Bureau.


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