Major Russian bank launches new service in Iran ...News

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Major Russian bank launches new service in Iran
source : Russia Today ( News ) () 73
Individuals and businesses in both countries will be able to conduct cross-border transactions Russia’s second largest bank, VTB, has launched a new service allowing both individuals and businesses to transfer money to and from Iran, the lender announced on Monday.   State-owned VTB, which has been subject to sweeping Western sanctions since late February, has thus become the first lender to provide banking services to Iran, a country that has been under international restrictions for decades.    The bank’s vice president, Denis Valvachyov, believes that such transactions will be in high demand and that the move w

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