US Sanctions Russia's VTB Bank Over Iran Sanctions Evasion

The United States imposed new Iran-related sanctions on Russia's VTB Bank, accusing it of facilitating Iranian sanctions evasion, according to a Times of Israel live update; VTB had already been under Ukraine-related sanctions since 2022.

Why this matters. Targeting a major Russian bank over Iran sanctions evasion shows Washington widening financial pressure on the Moscow-Tehran sanctions-evasion network that helps fund Iran's war effort.