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US Sanctions VTB Over Alleged Iranian Banking and Sanctions-Evasion Activities
The United States has imposed new sanctions on Russia’s VTB Bank over its alleged involvement in Iranian financial activities and efforts to circumvent US sanctions. The action was taken by the Office of Foreign Assets Control under Executive Order 13902, which authorises sanctions against persons operating in specified sectors of the Iranian economy, including the financial sector. The designation concerns VTB Bank Public Joint Stock Company, one of Russia’s largest financia
Sep 163 min read


Austria Uncovers Sanctions-Evasion Network Linked to Russian Military Industry
Austria has uncovered a sanctions-evasion operation in which a Vienna-based company allegedly supplied specialised industrial equipment to businesses connected to Russia's military-industrial sector. The investigation has resulted in arrests and the seizure of machinery and tools, while authorities continue examining a complex network of companies allegedly used to conceal the ultimate destination and end users of the exported goods. The investigation centres on a company bas
Aug 135 min read
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