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Will Trump remove US sanctions on Russia's VTB Bank and similar 'slush fund' entities?Source
Oct 27, 2026
Image: news.liga.net
Washington has waived some Russia sanctions, but VTB’s status and any RDIF relief remain separate questions.
Washington’s record shows a negotiated, selective sanctions policy rather than a blanket release. The administration reviewed the RDIF’s application through established procedures, while later executive action waived several Russia sanctions and triggered bipartisan criticism. Treasury’s designation of VTB shows that at least one major Russian bank remained heavily targeted, so the final scope depends on the specific entity and legal authority involved.
When sanctions become bargaining chips, Moscow gets access first and accountability becomes the fine print.
A Russian investment fund once branded Putin’s “slush fund” sits at the bargaining table beside fuel deals and back-channel diplomacy. Relief gives Moscow financial reach and makes sanctions a negotiating chip; the same move could normalize access for institutions tied to the war economy. That possibility echoes a familiar power trade: economic access first, accountability later. Public scrutiny remains the counterweight.
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