Trump Admin Targets One of Russia’s Largest Banks for Supporting Iran
The Treasury Department said VTB opened offices in Iran and moved billions of dollars in Iranian assets, widening pressure on Tehran and its proxies.
- On Monday, the Treasury Department sanctioned VTB Bank for allegedly helping Iran evade sanctions and move billions in frozen assets. The designation blocks VTB property under U.S. jurisdiction and generally prohibits Americans from doing business with the bank.
- VTB Bank built correspondent banking relationships with sanctioned Iranian institutions, opened offices in Iran, and created settlement systems using Iranian rials and Russian rubles. The Treasury Department said the bank facilitated movement of billions in frozen Iranian assets.
- As part of "Operation Economic Outcast," the administration threatened dire consequences for those supporting Iran, including exclusion from the U.S. dollar system. Foreign institutions face heightened secondary sanctions risk for continuing to deal with VTB.
- The Treasury Department said Monday it will meet this week with global financial institutions to arm them with information needed to shut down revenue streams tied to the Iranian regime and the IRGC. These engagements enforce the broader pressure campaign.
- Recent measures include actions against Iran's airline industry and banks in Turkey, Dubai, and Egypt. Experts remain skeptical regarding potential action against Beijing ahead of Chinese leader Xi Jinping's expected visit to Washington this month.
120 Articles
120 Articles
US Sanctions Prominent Russian Bank Accused of Doing Business with Iran
(Sept. 14, 2026 / JNS) The U.S. Treasury Department said on Monday that it designated the Russian financial institution VTB Bank for its involvement in evading Iranian sanctions, including forming relationships with Iranian banks.The department “will continue to target and disrupt those who provide material, technological or financial support that allows the Iranian regime to […]
US Targets Russian Bank For Helping Iran Evade Sanctions
The United States has imposed sanctions on VTB Bank, one of Russia's largest financial institutions, for helping Iran evade sanctions and sustain its support for terrorism. VTB Bank opened offices in Iran, built banking ties with sanctioned Iranian financial institutions, and worked to move billions of dollars in Iranian assets. Announcing the sanctions, Secretary of the Treasury Scott Bessent s
The US imposes sanctions against Russia's second largest bank as part of its increased economic pressure on Iran.
Increasing economic pressure on Iran, the United States has imposed sanctions on Russia's second-largest bank, VTB.
The United States on Monday accused Russian bank VTB of supporting Iran's efforts to evade sanctions, targeting an institution that the United States had already blocked over Moscow's invasion of Ukraine.
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
