The Trump administration announced sanctions against the YSC (IBY) on Thursday for its financial support for Houthi terrorists.
Along with the bank, the US Department of Foreign Assets (OFAC) is punished by the main leaders of IBY, such as the Chairman of the Board of Directors, Kamal Hussein Al -Jabri; Executive Director Ahmed Thabet Numan Absi and Deputy General Manager Abdel -Qader Ali Bazara. Through the IBY penalty, the United States hopes to stop the Houthi attacks on commercial ships in the Red Sea.
Treasury Deputy Minister Michael Volwkander said: “Financial institutions like IBY are very important to the Houthi efforts to reach the international financial system and threaten both the region and international trade,” “The Treasury is still committed to working with the internationally recognized government of Yemen to disable the Houthis’ ability to secure funds and buy the main components of their alleged attacks for stability.”
Its headquarters in Sana’a, Yemen, IBY is controlled by The Houthis supported by Iran The Treasury said that the group gives the group to reach the Bank of the World Financial Communications Association (SWIFT) to conduct international financial transactions.
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The Houthi followers burn Israeli and American flags during a tribal gathering on January 14, 2024 on the outskirts of Sana’a, Yemen. Houthi followers gathered to protest the US air strikes and the United States at locations in areas under their control. (Muhammad Hamoud/Getty Erch)
For example, it was claimed that IBY helped Houthi companies and officials to monitor oil on the fast network, while facilitating the terrorist group’s attempts to avoid sanctions.
Under penalties on Thursday, all property and interests are banned in the property of the name leaders, which are located in the United States or in the possession of or controlling American persons and should be informed of OFAC. In addition, any owned entities, directly or indirectly, are also banned individually or in total, 50 percent or more than one or more person.
Foreign Ministry spokesman Tami Bruce sent a warning to those who support foreign terrorist organizations such as the Houthis. (Ministry of Foreign Affairs)
OFAC regulations generally prohibit all transactions by the United States, inside or transit, the United States that involves any property or interests in the property of the person appointed or banned in another way.
US State Department Tami Bruce spokesman talked about the sanctions during a press briefing on Thursday, as he sent a message to anyone who supports foreign terrorist organizations such as the Houthis.
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The Iranian Supreme Leader, Ayatollah Ali Khounai, attends a meeting with a group of students in Tehran, Iran, on Wednesday, November 1. (Iranian Supreme Leader Office via AP)
She said: “The United States is obligated to disable Houthi financial networks and bank access as part of our full approach to the government to eliminate the Iranian threat network.” “Moreover, we can confirm reports that Chang Guang Limited Technology (CGSTL) directly supports Iran -backed Houthi attacks on American interests. Their actions and Beijing support for the company, even after our own connections with them, are another example of China’s empty demands to support peace.
She continued, and urged US partners to judge the Chinese Communist Party and Chinese companies for their actions, not just their words.
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“Restore the freedom of movement in the Red Sea is a priority President TrumpBruce said: The United States will not tolerate anyone who provides support to foreign terrorist organizations such as the Houthis, “Bruce said.
