It looks like you need to be careful when using the Log On as for the Veeam services if the account being used is not in the Veeam Backup Administrator group within Veeam. The answer is to add the account to that group to fix the issue. See the KB.
Features of Veeam Backup & Replication may not function when the Veeam Backup Service is run as a user that is not assigned the "Veeam Backup Administrator" role
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