U.S. Imposes New Iran-Related Sanctions on VTB Bank

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The U.S. Treasury Department has expanded sanctions against Russian bank VTB, adding it to the list of restrictions related to Iran, according to TASS. This information is contained in a statement released by the U.S. Treasury.

VTB has been under sanctions pressure from Washington for a long time. Sectoral U.S. restrictions on the Russian bank began to be introduced as early as 2014.

The new decision by U.S. authorities pertains to the Iran sanctions regime and supplements existing restrictions on the Russian financial sector.

The U.S. Treasury outlined the details of the new restrictions in a published document.