# OPINION: OFAC Removes Russians from Sanctions — Trump Quietly Yields to Moscow

> On June 24, 2026, OFAC — the Office of Foreign Assets Control within the U.S. Treasury Department — quietly removed from its SDN list (Specially Designated Nationals) seven Russian nationals, including Ivan Potanin, son of oligarch Vladimir Potanin, owner of Norilsk Nickel. Two Russian cargo vessels and two Turkish companies previously sanctioned for sanctions evasion were also

- Author: Maxime Marquette
- Publisher: MadMax (https://mad-max.co)
- Section: Note
- Published: 2026-06-29
- Canonical URL: https://mad-max.co/en/article/billet-l-ofac-retire-des-russes-des-sanctions-trump-cede-a-moscou-en-douce

## Introduction: Washington Discreetly Erases Names from Its Blacklist

### June 24, 2026 — a decision with no press release, no explanation

On **June 24, 2026**, **OFAC** — the Office of Foreign Assets Control within the U.S. Treasury Department — quietly removed from its **SDN list** (Specially Designated Nationals) seven Russian nationals, including **Ivan Potanin**, son of oligarch **Vladimir Potanin**, owner of **Norilsk Nickel**. Two Russian cargo vessels and two **Turkish companies** previously sanctioned for **sanctions evasion** were also removed. Without a press release. Without an official explanation. Without any public justification of any kind.

This is not the first time the **Trump administration** has removed names from sanctions lists without transparency. But this specific removal — at the precise moment when the **European Union** had, for the first time in its history, extended its own **Russia sanctions** from six months to a full year — is a striking political contrast. On one side of the Atlantic, sanctions are being strengthened. On the other, they are being erased. In silence.

### Who are the seven Russians removed from the SDN list?

The **SDN list** is the most powerful sanctions instrument in the American arsenal: individuals and entities on it are cut off from the American and international financial system, and their U.S.-based assets are frozen. Being removed represents a significant financial and commercial benefit. **Ivan Potanin** — son of the oligarch who owns **Norilsk Nickel**, one of the world's largest mining companies — is the most high-profile name among the seven removals. His family controls billions in the **Russian metals industry**, directly linked to export revenues that partly finance the **Russian war effort**.

The six other Russian nationals removed were not immediately publicly identified in the hours following the decision. This opacity is itself revealing: in a functioning democracy, the removal of significant sanctions should be accompanied by an explanation — reason for removal, demonstrated compliance, change of behavior justifying the measure. None of that was provided.

*Removing Ivan Potanin from sanctions without explanation. The son of an oligarch who represents everything sanctions are designed to target — wealth built on proximity to Putin, revenues that fund the war. I am not naive about the fact that sanctions are sometimes legitimately revised. But OFAC's silence on this specific case speaks louder than any justification.*

## The Vessels and Turkish Companies — a Signal on Sanctions Evasion

### Two cargo vessels removed — a troubling precedent

Among the entities removed from the **SDN list**, two **Russian cargo vessels** and two **Turkish companies** sanctioned for **circumventing Western sanctions** figure in the list. This removal is particularly troubling because it directly touches the integrity of the sanctions regime itself. These vessels and companies had been sanctioned precisely because they were helping **Russia** bypass trade restrictions — serving as intermediaries for the import of dual-use goods, electronic components, or petroleum products.

Removing them from the **SDN list** without demonstrating that they have ceased their evasion activities sends an ambiguous message to other market actors: perhaps the cost of helping **Russia** circumvent sanctions is no longer so high. This signal of weakening **American determination** to sanction evaders has effects far beyond the two specific Turkish companies concerned.

### Turkey in the equation — a NATO ally playing both sides

**Turkey** has been in a delicate position since the beginning of the conflict: a **NATO** member, a formal ally of **Ukraine**, but also a commercial partner of **Russia** and an intermediary in grain negotiations. **Turkish companies** have played a documented role in circumventing Western sanctions — acting as intermediaries for transactions that **European and American** companies could no longer conduct directly with **Russia**.

The removal of two **Turkish companies** from the American **SDN list** could be the result of diplomatic pressure from **Ankara** on **Washington** — particularly in the context of **Trump foreign policy**, which places great emphasis on bilateral relationships and personal deals rather than institutional principles. If so, this is troubling: it suggests that sanctions can be lifted under diplomatic pressure, even when the behaviors that justified them have not changed.

*Turkey uses NATO as a shield and trades with Russia as an opportunity. It is a cynical strategy that has worked. And OFAC may have just rewarded it without naming that reward. I understand that diplomacy is complex. I do not understand the silence on this specific decision.*

## The Contrast with the EU — an Alarming Transatlantic Divergence

### The EU extends its sanctions to 12 months — a historic first

On that same **June 24, 2026** — the very day **OFAC** was quietly removing names from its **SDN list** — the **European Union** announced, for the first time in its history, the extension of its sanctions against **Russia** from six months to **a full year**. This decision, reported by **RBC Ukraine**, represents a longer and more solid European commitment to maintaining economic pressure on **Moscow**.

The juxtaposition is striking. On **June 24, 2026**, **Europe** says: "Our sanctions now last one full year without intermediate renewal — we are committing for the long term." On **June 24, 2026**, the **United States** says, in silence: "We are removing seven Russians and two vessels from our lists without explanation." These two simultaneous messages compose a troubling portrait of the transatlantic divergence on the sanctions question.

### Why this divergence weakens the entire sanctions regime

The **Russia sanctions regime** functions as an interdependent system: its strength comes from its consistency among partners. If the **United States** maintains sanctions but **Europe** lifts theirs — or vice versa — evasion companies and states immediately find legal alternatives. The value of sanctions depends on their universality among participating countries.

When **OFAC** removes entities from its **SDN list** without justification, it does not only weaken its own sanctions — it weakens the entire Western regime, because it signals that **American determination** is not absolute. **Russian companies, oligarchs, and their intermediaries** watch these movements and calculate: if **Washington** begins removing names, perhaps sufficient pressure on this or that Western government will produce other concessions. This is the beginning of a race to the bottom.

*The sanctions regime is like a dam: only as strong as its weakest point. Europe is reinforcing its side. OFAC is quietly chipping a crack into its side. I am not saying Washington has yielded to Moscow. I am saying its silence on these removals looks a great deal like what Moscow is hoping for — and what Ukraine fears.*

## The Trump Context — a Foreign Policy That Bends the Rules

### The Trump administration and sanctions — a complex relationship

The **Trump administration** has a complicated relationship with the **Russia sanctions regime**. On one side, it has maintained the principal sanctions against **Russia** — an important continuity with its predecessors. On the other, it has shown a propensity for quiet adjustments, unexplained exemptions, and a rhetoric that values direct bilateral relationships over multilateral systems of economic pressure.

The removals of **June 24, 2026** fit this pattern. They do not represent an abandonment of sanctions — but they reflect an approach where certain private interests or certain diplomatic pressures can unlock discreet exemptions. This is not coherent policy. It is case-by-case management that weakens the systemic credibility of the tool.

### What Ukraine's allies think of these moves

**Ukraine's European allies** — who observe these **American decisions** closely — are privately expressing concern about the evolution of the **American position**. **European diplomats** cited anonymously in several media describe growing anxiety about the reliability of the **American partner** over the long term of the **Ukrainian conflict**. If **Washington** can remove sanctions quietly without consultation, could it also lift the principal sanctions as part of a broader deal with **Moscow** that the Europeans would not have approved?

This question — the sovereignty of the American decision on **Russia sanctions** — is at the heart of European anxiety. And the silent moves of **OFAC** on **June 24, 2026** feed this anxiety in a way that official statements can hardly calm.

*Europe is right to be worried. The reliability of a partner is not measured in speeches — it is measured in actions under pressure. And OFAC removing names in silence is an action that says something about American resistance to Russian pressure and to the private interests that lobbied for these removals. What it says is not reassuring.*

## The Potanin Connection — Metal, War, and Sanctions

### Norilsk Nickel and the financing of the Russian war machine

**Norilsk Nickel**, controlled by **Vladimir Potanin**, is one of the world's largest producers of nickel, palladium, and copper. These metals are essential to many industries — batteries, electronics, aerospace — and their exports generate billions of dollars in revenue for **Russia** annually. These revenues enter the **Russian state**'s coffers and, through various mechanisms, contribute to financing the war effort.

The fact that **Vladimir Potanin's** son, **Ivan Potanin**, was removed from the **SDN list** does not directly free **Norilsk Nickel** from sanctions — the company and his father remain, for now, on various lists. But it reduces the personal pressure on the family and can facilitate certain financial transactions that previously ran into the sanctions on the son's personal assets. It is a partial but real concession to the **Russian oligarchy**.

### The pressure from industries that want Russian nickel and palladium

The removal of **Ivan Potanin** from the **SDN list** cannot be understood without mentioning the pressure from Western industries that depend on **Russian metals**. **Palladium**, of which **Russia** is the world's leading producer, is essential for manufacturing automotive catalysts. **Nickel** is critical for electric vehicle batteries. These industries have powerful lobbies in **Washington**, and their representatives have regularly advocated for sanctions exemptions enabling access to **Russian metals**.

The silent removal of **Ivan Potanin** looks like a concession to these industrial pressures — perhaps combined with more direct diplomatic pressure. This is not a coherent foreign policy decision. It is a commercial policy decision dressed up as a sanctions decision. And the difference is enormous.

*The interests of nickel and palladium against the coherence of Russia sanctions. It is the old story of economic policy defeating foreign policy. I do not blame industries that need these metals. I blame a government that yields without transparency, without explanation, without consultation with allies.*

## What Ukraine Must Do in the Face of These Signals

### Kyiv and the management of a capricious American partner

**Kyiv** has developed since **2022** a particular expertise in managing allies whose support is powerful but unpredictable. The **Trump administration** has provided significant aid to **Ukraine** — **ERAM** missiles, diplomatic support at key moments, maintenance of principal sanctions. But it has also shown a tendency toward unilateral decisions, unannounced concessions, and a vision that treats **Ukraine** more as a negotiating chip than as a cause in itself.

Faced with these contradictory signals, the most effective **Ukrainian strategy** is to diversify its bases of support — strengthening ties with **Europe**, consolidating relations with the **United Kingdom**, cultivating the most committed individual **EU member states** — so that no quiet American decision can weaken the entire support network. This is what **Zelensky** is actively doing.

### The European response — a signal of autonomy

The **European decision** of **June 24, 2026** to extend its sanctions to a full year — for the first time — can be read as an implicit response to the American weakening signals. By increasing the duration and solidity of its own sanctions, **Europe** signals that it will not follow **Washington** into its quiet removals. That even if the **United States** softens its position, **Europe** will maintain its own. This is an act of **strategic autonomy** — the same that many European voices have been demanding for years in other domains.

This contrast — **Europe** strengthening, **United States** quietly erasing — is not yet a rupture. But it is a signal that **Europe** is developing a sanctions policy independent of **Washington's**, with its own timelines and its own criteria. For **Ukraine**, this is potentially good news in the long run.

*Europe emancipating itself from American sanctions — in the right direction. Not by weakening them, but by independently strengthening them. This is the construction of an adult European foreign policy. Slow, imperfect, but real. And for Ukraine, it is the best guarantee that sanctions will hold even if Washington wavers.*

## Conclusion: OFAC's Silence Speaks Louder Than Its Words

### What the absence of justification reveals

In a functioning democracy, the lifting of significant sanctions should be accompanied by a public justification: the person concerned has modified their behavior, cooperated with investigations, ceased their harmful activities. The total absence of justification in the **June 24, 2026** removals is itself a message: there is no presentable justification. It is not because **Ivan Potanin** changed his behavior that he was removed from the list. It is for other reasons — diplomatic pressures, commercial interests, undisclosed negotiations — that the **American government** cannot or will not explain publicly.

This silence is unacceptable in a foreign policy that claims to defend principles. And this silence deserves to be named — by the media, by allies, by the **U.S. Congress**, and by all those who believe that the coherence of sanctions is a condition of their effectiveness.

### Ukraine in all this — the real victim of American incoherence

The real victim of **American incoherence** in sanctions is **Ukraine**. Every time sanctions are lifted without justification, additional resources reach the hands of oligarchs linked to the **Kremlin**. These resources — directly or indirectly — support a **Russian economy** that finances a war. This causal chain is real even if it is diffuse. And it has a cost: additional **Ukrainian soldiers** dying on front lines that the sanctions were meant to help shorten.

This opinion piece is a call for coherence. Not for unrealism — sanctions are political instruments that adapt. But for transparency. For public justification. For consultation with allies. This is what serious foreign policy requires. And this is what **Ukraine** deserves from its partners.

*Seven names removed in silence. Seven small decisions that accumulate. The sanctions regime does not die from a grand act of betrayal — it dies from a thousand unjustified small concessions. I write this here so it is on the record. So that in five years, when someone asks how sanctions were weakened, this opinion piece is there as testimony.*

## Conclusion: Record It, Name It, Demand Accountability

### The role of the press in monitoring sanctions

This opinion piece cannot force **OFAC** to justify its decisions. But it can help create public pressure for transparency. The press — especially media like **Euromaidan Press** that documented these removals — plays an irreplaceable role in monitoring a domain of foreign policy that often operates in administrative obscurity. Without this scrutiny, these decisions would pass entirely unnoticed.

We must name. We must record. We must demand explanations. Not because all **SDN list** removals are illegitimate — some may be justified. But because without transparency, it is impossible to distinguish legitimate removals from politically motivated ones. And in a war involving billions of dollars and hundreds of thousands of lives, this distinction is vital.

### What Washington owes its allies

The **United States** asked its **European allies** for considerable sacrifices in maintaining **Russia sanctions** — real economic sacrifices, particularly in the early years of the conflict when **Russian gas** still fed a large portion of **European industry**. It is not unreasonable to expect in return that **Washington** consult its allies before lifting sanctions, and that it justify its decisions publicly. This is not anti-Americanism. It is reciprocity in an alliance that should rest on mutual trust.

If **OFAC** has good reasons for removing these seven Russians and two vessels from its list, it can and should explain them. And if these reasons cannot be explained publicly, perhaps the decision should be reconsidered.

*Washington owes its allies the transparency it demands from them. It is as simple as that. I have no other conclusion. This opinion piece will exist in the archives. And when this history is definitively written, it will contribute to saying that someone looked, saw, and did not look away.*

## Conclusion: An Opinion Piece That Demands Accountability

### The facts are there, the questions remain open

**Seven Russians** removed from the **SDN list**. **Two Russian cargo vessels**. **Two Turkish companies**. **June 24, 2026**. Without a press release. Without justification. The same day the **European Union** was extending its own sanctions to a full year. These facts are documented by **Euromaidan Press** and other sources. They are real. And they deserve an answer from the **American administration** that has not yet been provided.

This opinion piece is a demand for accountability. A modest demand, made from the pages of an online article. But a real demand, documented, and one that will remain accessible to anyone who wants to understand how **American sanctions policy** evolved during the war in **Ukraine**.

### What Ukraine expects from its allies

**Ukraine** expects from its allies a consistency and transparency that testifies to the sincerity of their support. Weapons delivered with justification. Sanctions maintained with explanation. Any removals with consultation. This coherence is the foundation of a durable alliance — and **Ukraine**, which is betting its survival on this alliance, is right to demand it. This opinion piece gives it voice.

To the decision-makers in **Washington** who may read these lines: explain. Consult. Justify. This is what your allies are asking of you. And this is what **Ukraine**, which is fighting for the same values you claim to defend, deserves.

*Opinion piece finished. Short, direct, no detours. This is the right form for this question: simple facts, measured indignation, a clear demand. OFAC's silence outrages me. I said it. That is all I can do from here — but it is all a columnist can do, and it is already something.*

**By Maxime Marquette, columnist**

## Columnist's transparency note

### Editorial stance

I am not a journalist but a **columnist and analyst**. My expertise lies in observing and analysing the geopolitical, economic and strategic dynamics that shape our world. My work is to take political strategies apart, to understand global economic movements, to put the decisions of international actors in context and to offer analytical perspectives on the changes that are redefining our societies.

I do not claim the cold objectivity of traditional journalism, which stops at reporting facts. **I claim analytical clarity**, rigorous interpretation and a deep understanding of the complex issues that concern us all. My role is to give meaning to the facts, to place them in their historical and strategic context, and to offer a critical reading of events.

### Method and sources

This text keeps the basic distinction between **verified facts and interpretive analysis**. The rule never changes: a factual claim is published only when a verifiable source supports it, and the sources this article actually used are listed under **Sources**, never here.

**Primary source families** used by the publication, when the story has them: official statements from governments and international institutions, public statements by political leaders, reports from intergovernmental organisations, dispatches from recognised international news agencies.

**Secondary source families**: specialised publications, internationally recognised news media, analyses from established research institutions, reports from industry organisations.

When an article cites statistical, economic or geopolitical data, it comes from the institutions that produce it (intergovernmental organisations, central banks, national statistics offices), and the exact institution is named under **Sources**.

### Nature of the analysis

The analyses, interpretations and perspectives in the analytical sections of this article are a **critical, contextual synthesis** based on the information available, the trends observed and the expert comments cited in the sources consulted.

My role is to interpret these facts, to set them in the context of today's geopolitical and economic dynamics, and to give them a coherent meaning within the larger story of the changes shaping our time. These analyses reflect expertise built through continuous observation of international affairs and an understanding of the strategic mechanisms that drive global actors.

This article describes a documented state of affairs on its publication date, not a prediction: later developments may shift its outlook. No update is promised in advance; when an article is corrected or completed, the change is dated in the text.

## Sources

### Primary sources

- [Euromaidan Press — Washington just removed seven more Russians, two ships, and two Turkish firms from its sanctions blacklist — June 25, 2026](https://euromaidanpress.com/2026/06/25/washington-just-removed-seven-more-russians-two-ships-and-two-turkish-firms-from-its-sanctions-blacklist/)

- [RBC Ukraine — EU agrees for first time to extend sanctions against Russia for full year — June 24, 2026](https://newsukraine.rbc.ua/news/eu-agrees-for-first-time-to-extend-sanctions-1782317212.html)

### Secondary sources

- [UNN — The United States excluded seven Russians, two vessels, and two companies from the sanctions list — June 25, 2026](https://unn.ua/en/news/the-united-states-excluded-seven-russians-two-vessels-and-two-companies-from-the-sanctions-list)

- [Kyiv Independent — Coverage of Russia sanctions decisions — June 2026](https://kyivindependent.com/)

- [Ukrayinska Pravda — Analysis of American and European sanctions policy — June 2026](https://www.pravda.com.ua/eng/)

- [Foreign Policy — Analysis of U.S. foreign policy toward Russia under Trump — 2026](https://foreignpolicy.com/)

- [Euromaidan Press — Sanctions evasion monitoring — June 2026](https://euromaidanpress.com/)

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Source: Maxime Marquette, MadMax. When citing, name the author and link https://mad-max.co/en/article/billet-l-ofac-retire-des-russes-des-sanctions-trump-cede-a-moscou-en-douce