VTB Bank, one of the major financial institutions of Russia, has officially been sanctioned by the United States for assisting the Islamic terrorist regime of Iran evade sanctions, according to the US State Department’s official announcement.
To put things in perspective, posted below is the whole announcement of the State Department. Some parts in boldface…
The United States sanctioned VTB Bank, one of Russia’s largest financial institutions, for helping Iran evade sanctions and sustain its support for terrorism. VTB Bank opened offices in Iran, built banking ties with sanctioned Iranian financial institutions, and worked to move billions of dollars in Iranian assets.
The United States remains steadfast in cutting off the financial lifelines that allow the Iranian regime to fund terrorism, destabilize the region, and threaten U.S. economic security.
Today’s action sends a clear message to governments and financial institutions considering similar arrangements: any effort to help Iran evade sanctions will carry serious consequences, including exposure to U.S. financial restrictions.
The United States will continue to use every diplomatic and economic tool at its disposal to isolate the Iranian regime. We urge the international community to join this effort to sever the financial lifelines of a regime that threatens peace and security.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think this latest move by the United States will convince more members of the international community to join in the effort to cut the financial lifelines of the Islamic terrorist state Iran? Do you think VTB Bank has a lot of financial ties with your local business community?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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