US Treasury Sanctions Bank for Funding Iran-Backed Houthis

US Treasury Sanctions Bank for Funding Iran-Backed Houthis

On January 17, 2025, the US Treasury imposed sanctions on the Yemen and Kuwait Bank for Commerce and Investment (YSC) for providing financial support to the Iran-backed Houthis. The sanctions aim to disrupt the Houthis' access to the international financial system and their funding for destabili...

New U.S. Sanctions Target Houthi Leader and Four Supporting Companies

New U.S. Sanctions Target Houthi Leader and Four Supporting Companies

On Wednesday, October 2, 2024, the U.S. administration announced new sanctions against a leader of the Houthi group and four companies accused of facilitating arms purchases, smuggling, and generating illicit funds for the group. According to a statement from the U.S. Department of the Treasury...

Yemeni Officials Celebrate Lifting of Sanctions on Saleh and Son

Yemeni Officials Celebrate Lifting of Sanctions on Saleh and Son

Several prominent Yemeni figures have welcomed the decision by the UN Security Council's sanctions committee to lift sanctions on former President Ali Abdullah Saleh and his son, Ahmed Ali Abdullah Saleh. Ali Mohsen Saleh al-Ahmar, former Vice President of Yemen, expressed his congratulatio...