US Imposes Sanctions on VTB: Russia's Second-Largest Bank Hit Over Ties to Iran
OFAC of the U.S. Treasury added VTB, Russia's second-largest bank, to its sanctions list for its involvement in circumventing restrictions against Iran. The decision was made against the backdrop of the failure to unanimously extend anti-Russian sanctions in the EU due to a dispute over Usmanov and Fridman.
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