Trump Admin Targets One of Russia’s Largest Banks for Supporting Iran
28 Articles
28 Articles
Trump admin targets one of Russia’s largest banks for supporting Iran
By Jennifer Hansler, CNN (CNN) — The Trump administration targeted one of Russia’s largest banks on Monday for its alleged support for Iran – the latest move in its pressure campaign against Tehran. The United States previously sanctioned VTB Bank in February 2022 in response to Russia’s full-scale invasion of Ukraine and again in January
<p>Russian bank VTB came under US sanctions for helping Iran circumvent restrictions The US imposed sanctions against VTB for helping Iran circumvent restrictions. The bank facilitated the transfer of frozen assets and settlements in rubles and riyals</p>.
(Washington = Yonhap News) Correspondent Lee Yu-mi = The U.S. Donald Trump administration designated the Russian bank VTB, which helped Iran evade sanctions, as a target for sanctions on the 14th...
The US Treasury Department "will not tolerate any form of support for the regime and will continue to identify, expose, and isolate Iran's supporters," it said in a press release.
The United States imposed sanctions on VTB Bank Public Joint Stock Company, the second largest bank in Russia, on Monday, according to the Treasury Department, quoted by Reuters. Washington accuses the Russian bank of being involved in circumventing sanctions targeting Iran. The action extends the sanctions imposed against VTB in 2022, when the bank was targeted...
The U.S. Ministry of Finance reported that it had added a Russian VTB to Iran's sanctions lists. "Today, the US Treasury's Foreign Assets Control Authority (OFAC) listed a large Russian financial structure, VTB, for its involvement in circumventing sanctions against Iran," the Ministry's press release says.
Coverage Details
Bias Distribution
- 62% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
