U.S. Treasury Sanctions Russian Bank in Latest Operation Economic Outcast Action

U.S. Treasury Sanctions Russian Bank in Latest Operation Economic Outcast Action

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned Russian financial institution VTB Bank for its continued involvement in assisting Iranian sanctions evasion. VTB is known to have over one thousand branches worldwide. “Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support [...] The post U.S. Treasury Sanctions Russian Bank in Latest Operation Economic Outcast Action appeared first on CBNC .