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U.S. imposes Iran-related sanctions on Russia's VTB

14 September 2026 23:20 (UTC +04:00)

The United States imposed Iran-related sanctions Monday on Russia's VTB Bank Public Joint Stock Company, accusing it of ‌involvement in Iranian sanctions evasion, the Treasury Department said as Washington seeks to ramp up economic pressure on Tehran, APA reports citing Reuters.

The action builds on sanctions imposed against VTB, Russia's second-largest lender, in 2022, ⁠when the bank was targeted following Moscow's full-scale invasion of Ukraine.

“Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support that allows the Iran to sustain its terrorist enterprise,” Treasury Secretary Scott Bessent said in the statement.

“Treasury will not tolerate any support ‌to ⁠the regime and will continue to identify, expose, and isolate Iran’s enablers.”