The U.S. Treasury has imposed new sanctions on Russia’s VTB Bank. The move targets the bank as part of a broader campaign against Iran.
The sanctions aim to push foreign banks to sever ties with VTB. This is the latest step in Washington’s effort to isolate financial networks linked to Iran.
VTB is one of Russia’s largest state-owned banks. It has already faced penalties from previous U.S. actions.
The Treasury’s decision signals that banks worldwide could face consequences for working with VTB. Foreign institutions may need to choose between access to U.S. markets and maintaining Russian ties.
This action follows earlier sanctions on Iranian entities and their enablers. The U.S. has steadily expanded its pressure campaign in recent months.
The sanctions do not directly target Iran. Instead, they hit a Russian bank that U.S. officials say facilitates Iranian-related transactions.
VTB has not issued a public response to the new penalties. The bank has previously said it would adapt to changing restrictions.
