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

Source: reuters.com

Sanctions & Export ControlsGeopolitics & WarBanking & Liquidity
U.S. imposes Iran-related sanctions on Russia's VTB

The U.S. imposed Iran-related sanctions on Russia's VTB Bank, alleging the bank was involved in evading sanctions on Tehran. The action escalates Washington's economic pressure on Iran and adds legal, operational, and cross-border transaction risks for VTB and counterparties exposed to Russia-Iran financial links.

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