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Politics

Trump adds extra sanctions to Russian bank for ties to Iran

The Hill ·
Trump adds extra sanctions to Russian bank for ties to Iran

The Trump administration on Monday added extra sanctions on one of Russia’s largest financial institutions, VTB, over its ties to Iran, layering on penalties first imposed because of Moscow’s full-scale invasion of Ukraine.

The Treasury Department is redesignating VTB as part of the administration’s “Operation Economic Outcast.” The sanctions campaign was launched in August to...

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