WASHINGTON: The United States imposed new sanctions on Russia’s VTB Bank on Monday, accusing the lender of helping Iran evade Western sanctions and warning that foreign institutions that continue doing business with Russia’s second-largest bank could face additional penalties. Already cut off from the dollar system over Russia’s invasion of Ukraine, VTB now faces Iran-related sanctions that Treasury officials said could expose foreign banks and businesses that continue to deal with it to additio
US imposes fresh sanctions on Russia’s VTB Bank over alleged Iran ties
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