US sanctions Russia's VTB bank for aiding Iran

On Monday, the United States imposed new Iran-related sanctions on Russia's VTB Bank, accusing it of involvement in Iranian sanctions evasion. The Treasury Department announced the action as part of Operation Economic Outcast, targeting financial support for Iran. This builds on sanctions from 2022. Treasury Secretary Scott Bessent said the U.S. will continue to isolate Iran's enablers. The move comes amid ongoing U.S.-Iran conflict and heightened economic pressure on Tehran.