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US threatens to cut off Swiss bank MBaer from financial system over alleged Iran, Russia, Venezuela ties - Reuters

US threatens to cut off Swiss bank MBaer from financial system over alleged Iran, Russia, Venezuela ties Reuters

February 26, 2026

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US proposes severing Swiss bank from financial system over alleged Iran, Russia links

WASHINGTON, Feb 26 (Reuters) - The U.S. Treasury Department on Thursday proposed a rule that, if finalized, would sever MBaer Merchant Bank AG's access to the U.S. financial system on the grounds the

al-monitor.com•February 27, 2026
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