Treasury Slaps Russia’s VTB with More Sanctions

Treasury slaps Russia’s VTB with more sanctions

The restriction is meant to curb correspondent banking relationships Russia’s second-largest lender has with sanctioned Iranian banks. VTB has preexisting sanctions from 2022’s Ukraine invasion.

US sanctions prominent Russian bank is says does business with Iranian regime

The U.S. Treasury Department "has mapped the networks, facilitators and financial channels that Iran uses to smuggle oil, evade sanctions and fund terror," it said.

For the umpteenth time:. U.S. Treasury Secretary Yellen: The Treasury Department has launched Operation “Economic Pariah” to cut off all funding channels to the Iranian regime and its supporters

For the umpteenth time:U.S. Treasury Secretary Yellen: The Treasury Department has launched Operation “Economic Pariah” to cut off all funding channels to the Iranian regime and its supporters.For this reason, a new campaign has been launched to...

US hits major Russian bank VTB with Iran-linked sanctions

State-controlled VTB becomes one of the most prominent global names yet caught up in Washington’s ongoing effort to squeeze Iran's economy.

US Sanctions Russian Bank in Crackdown on Iranian Finance

The already heavily sanctioned VTB Bank is the third bank that the U.S. Treasury Department has targeted over the past month as it seeks to cut Iran off from the global financial system.