Washington targets Russian bank over Iran support

The U.S. Department of the Treasury has imposed sanctions on a Russian VTB Bank for assisting Iran in circumventing U.S. sanctions by establishing banking relations with Iranian banks subject to sanctions. These sanctions are part of the "Economic Bastion Operation," aimed at disrupting Iran’s financial flows and its terrorist activities, while warning foreign financial institutions of the risks involved in dealing with the sanctioned bank. These measures are part of broader American efforts to cut off funding to Iran, the Revolutionary Guard, and Tehran-backed groups.

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