US Treasury imposes sanctions on smuggling network funding Yemen’s Houthis

Published: Updated:
Read Mode
100% Font Size
1 min read

The US Treasury on Thursday imposed sanctions on what it said are members of a smuggling network that produces millions of dollars for Yemen’s Iran-affiliated Houthi movement.

“This network generates tens of millions of dollars in revenue from the sale of commodities, like Iranian petroleum, a significant portion of which is then directed through a complex network of intermediaries and exchange houses in multiple countries to the Houthis,” a Treasury statement said.

For the latest headlines, follow our Google News channel online or via the app.

Those slapped with sanctions included two Yemenis, five other nationalities, as well as entities based in Gulf, Istanbul and Yemen’s capital, Sanaa, which is controlled by the Houthis.

Read more: Explosions shake Yemen’s Marib city center, residents say

Top Content Trending