Hans Grundberg, the United Nations Special Envoy for Yemen, stated on Tuesday that he has technical options for addressing the economic situation in Yemen and is working to persuade various parties to collaborate on these economic matters as the only way to ensure stability.

In a briefing to the UN Security Council, Grundberg emphasized the need for continuous communication with relevant stakeholders to achieve economic stability and sustainability in Yemen. He highlighted the urgent necessity for cooperation, especially in light of the potential collapse of Yemen's largest commercial bank.

"The possible collapse of this major bank underscores the urgent need for collaboration," he said, urging all parties to prioritize the needs of the Yemeni people. He also noted that commitments from the parties to create a roadmap are essential for achieving peace in Yemen.

Grundberg indicated that discussions are underway with political parties and civil society, with active participation from women. He underscored two key points in his discussions: that a peaceful solution in Yemen is the most viable path and that the Yemeni people require continuous and unified international support.

He called on the Yemeni parties to demonstrate their commitment to peace by taking tangible steps, including the immediate release of all arbitrarily detained individuals. "Yemen needs a unified purpose now more than ever," he emphasized.

The envoy also addressed the ongoing exchanges of attacks between the Houthis and Israel, along with airstrikes by the US and Israel in Yemen, noting that this escalation endangers hopes for peace and diverts attention from the urgent need to address the internal crisis in Yemen.

Regarding the humanitarian situation, Grundberg informed the Security Council that this year has been particularly challenging for UN staff and relief workers in the region. He pointed out that the Houthi group continues to arbitrarily detain UN personnel, civil society workers, and diplomatic mission members.

He noted that Yemenis are facing increasing restrictions on their ability to participate effectively, encountering arrests, threats, and intimidation, especially in Houthi-controlled areas. He called for the immediate release of all arbitrarily detained individuals, including 17 UN staff members.

Grundberg urged the international community to work together to stop the bloodshed and support all efforts toward achieving peace.