Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control designated prominent Russian financial institution VTB Bank for its involvement in Iranian sanctions evasion, including establishing correspondent relationships with sanctioned Iranian banks. Operation Economic Outcast continues to sever the remaining economic lifelines that sustain the Iranian regime.

The U.S. Treasury's Office of Foreign Assets Control has designated Russia's VTB Bank under Operation Economic Outcast. This action is due to VTB's involvement in evading sanctions against Iran, specifically by establishing correspondent relationships with sanctioned Iranian banks.