US Treasury sanctions Russian bank over Iran aid
The U.S. Department of the Treasury has included VTB Bank, one of Russia's largest financial institutions, on its sanctions list for its involvement in an attempt to help Iran evade international sanctions. The bank is accused of facilitating Iranian activities, including establishing banking correspondence relations with sanctioned banks and using a payment system in national currencies to promote trade between Iran and Russia. VTB has opened offices in Iran several years ago and has been seeking to expand its presence in Tehran since January 2025. The department emphasized that these measures pose a threat to international financial institutions dealing with the bank and stated that VTB is among the most targeted entities globally for sanctions, vowing to continue targeting all forms of financial support for Iran.
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