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70GEOPOLITICS

US sanctions Russia's VTB Bank for facilitating Iranian sanctions evasion

⚡ Markets: Increases compliance risks for any international entities dealing with VTB, potentially disrupting its remaining global operations. Reinforces the financial isolation of both Russia and Iran.VTB (MOEX)RUBUSD

The U.S. Treasury Department imposed new sanctions on Russia's VTB Bank, a major state-owned financial institution. The action was taken under the 'Operation Economic Outcast' program, accusing VTB of helping Iran move billions in frozen assets and evade international sanctions.

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