US targets Houthis with fresh sanctions action

LBCI

3 days ago

The United States on Tuesday imposed sanctions on what it said was a Houthi-linked petroleum smuggling and sanctions evasion network across Yemen and the United Arab Emirates in fresh action targeting the Iran-backed militant group.
The U.S. Treasury Department in a statement said the two individuals and five entities sanctioned on Tuesday were among the most significant importers of petroleum products and money launderers that benefit the Houthis.
"The Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group's access to the international financial system," said Deputy Secretary of the Treasury Michael Faulkender.
"These networks of shady businesses underpin the Houthis' terrorist machine, and Treasury will use all tools at its disposal to disrupt these schemes."
Among those targeted on Tuesday was Muhammad Al-Sunaydar, who the Treasury said manages a network of petroleum companies between Yemen and the United Arab Emirates and was one of the most prominent petroleum importers in Yemen.
Three companies in his network were also designated, with the Treasury saying they coordinated the delivery of approximately $12 million dollars' worth of Iranian petroleum products with a U.S.-designated company to the Houthis.