India, Sept. 15 -- 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 said, "Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support that allows the Iranian regime to sustain its terrorist enterprise."
VTB is now among the most comprehensively sanctioned financial institutions in the world.
VTB Bank Public Joint...