U.S. Sanctions Russian Bank for Iran Ties

“The Treasury Department on Monday identified Russia’s second-largest financial institution, VTB Bank, as a key financial node for Iran’s Islamic Republic and put further sanctions on the bank,” the Wall Street Journal reports.

“The new sanctions on VTB are a bid to pressure international partners to cut off dealings with it… Treasury Secretary Scott Bessent has repeatedly threatened secondary sanctions against foreign companies that help Iran to evade U.S. economic restrictions.”