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'
Swiss interior minister open to social media ban for children
- Detailed discussions will begin in the new year, supported by a report on the issue
ZURICH: Switzerland must do more to shield children from social media risks, Interior Minister Elisabeth Baume-Schneider was quoted as saying on Sunday, signalling she was open to a potential ban on the platforms for youngsters.
Following Australia’s recent ban on social media for under-16s, Baume-Schneider told SonntagsBlick newspaper that Switzerland should examine similar measures.
“The debate in Australia and the EU is important. It must also be conducted in Switzerland. I am open to a social media ban,” said the minister, a member of the center-left Social Democrats. “We must better protect our children.”
She said authorities needed to look at what should be restricted, listing options such as banning social media use by children, curbing harmful content, and addressing algorithms that prey on young people’s vulnerabilities.
Detailed discussions will begin in the new year, supported by a report on the issue, Baume-Schneider said, adding: “We mustn’t forget social media platforms themselves: they must take responsibility for what children and young people consume.”
Australia’s ban has won praise from many parents and groups advocating for the welfare of children, and drawn criticism from major technology companies and defenders of free speech.
Earlier this month, the parliament of the Swiss canton of Fribourg voted to prohibit children from using mobile phones at school until they are about 15, the latest step taken at a local level in Switzerland to curb their use in schools.
