WASHINGTON: The United States unveiled sanctions Thursday on a Yemen bank, including its key leaders, citing its support for Houthi militants in that country.
The designation of the International Bank of Yemen (IBY) complements a government effort “to stop Iran-backed Houthi attacks against commercial shipping in the Red Sea,” said the US Treasury Department.
Houthi forces launched an armed rebellion in 2014 after years of protesting discrimination and marginalization, seizing control of the capital Sanaa and other several provinces.
Since November 2023, Houthi forces have targeted shipping lanes using missiles and drones in what they say is solidarity with Palestinians in Gaza, where a brutal war has raged since October that year.
“Financial institutions like IBY are critical to the Houthis’ efforts to access the international financial system and threaten both the region and international commerce,” said Deputy Treasury Secretary Michael Faulkender in a statement.
The official said the US government was “committed to working with the internationally recognized government of Yemen.”
Thursday’s action follows a designation in January of the Yemen Kuwait Bank for Trade and Investment.
In a separate statement, the US State Department added that Washington was “committed to disrupting Houthi financial networks and banking access.”
Besides the IBY, key leaders targeted in Thursday’s actions are Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi and Abdulkader Ali Bazara, the Treasury Department said.
As a result of sanctions, property and interests in property of designated individuals in the United States are blocked and must be reported.
US imposes sanctions on Yemen bank, citing support to Houthis
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US imposes sanctions on Yemen bank, citing support to Houthis
- US State Department said Washington was 'committed to disrupting Houthi financial networks and banking access'
UN envoy hopeful on Cyprus, says multi-party summit premature
- Holguin said she was hopeful after meeting with Greek Cypriot leader Nikos Christodoulides and Turkish Cypriot leader Tufan Erhurman
- “While encouraging, the dialogue process between both leaders is at its early beginning”
NICOSIA: The key UN envoy seeking to break a deadlock in Cyprus’s long-running division said she was cautiously optimistic about a breakthrough but that it would be premature to convene a multi-nation summit on the conflict.
In an interview with Cyprus’s Phileleftheros daily, envoy Maria Angela Holguin said she was hopeful after meeting with Greek Cypriot leader Nikos Christodoulides and Turkish Cypriot leader Tufan Erhurman on December 11. She said their discussion, which agreed to focus also on confidence-building, was “deep, sincere and very straightforward.”
“While encouraging, the dialogue process between both leaders is at its early beginning. More will need to be done in order to strengthen the nascent momentum and establish a real climate of trust that would allow the Secretary-General to convene a 5+1 informal meeting,” said Holguin, a former Colombian foreign minister.
A 5+1 meeting would be an informal summit of the two Cypriot communities with United Nations Secretary-General Antonio Guterres and representatives of Britain, Turkiye and Greece to define how to move forward and break a seven-year stalemate in peace talks. The three NATO nations are guarantor powers of Cyprus under a treaty which granted the island independence from Britain in 1960.
A power-sharing administration of Cypriot Greeks and Turks crumbled in 1963. Turkiye invaded the north of the island in 1974 after a brief coup engineered by the military then ruling Greece. The island has been split on ethnic lines ever since.
Turkish Cypriots live in a breakaway state in the north, while Greek Cypriots in the south run an internationally recognized administration representing the whole island in the European Union.
