Trump admin imposes sanctions against Bank of Yemen for supporting Houthis

The Trump administration announced sanctions against the World Bank of Yemen YSC (IBY) on Thursday for its financial support for Houthi terrorists.

Along with the bank, the US Department of Foreign Assets (OFAC) is punished by the main leaders of IBY, such as the Chairman of the Board of Directors, Kamal Hussein Al -Jabri; Executive Director Ahmed Thabet Numan Absi and Deputy General Manager Abdel -Qader Ali Bazara. Through the IBY penalty, the United States hopes to stop the Houthi attacks on commercial ships in the Red Sea.

Treasury Deputy Minister Michael Volwkander said: “Financial institutions like IBY are very important to the Houthi efforts to reach the international financial system and threaten both the region and international trade,” “The Treasury is still committed to working with the internationally recognized government of Yemen to disable the Houthis’ ability to secure funds and buy the main components of their alleged attacks for stability.”

The Treasury said that IBY controls IBY by Iran -backed Houthis and provides the group with access to the Bank of Banking Communications Association (Swift) all over the world.

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For example, it was claimed that IBY helped Houthi companies and officials to monitor oil on the fast network, while facilitating the terrorist group’s attempts to avoid sanctions.

Under penalties on Thursday, all property and interests are banned in the property of the name leaders, which are located in the United States or in the possession of or controlling American persons and should be informed of OFAC. In addition, any owned entities, directly or indirectly, are also banned individually or in total, 50 percent or more than one or more person.

Trump tells the air strike against the Houthis, and the video shows: “Our ships will never be drowned again.”

Foreign Ministry spokesman Tami Bruce sent a warning to those who support foreign terrorist organizations such as the Houthis. (Ministry of Foreign Affairs)

OFAC regulations generally prohibit all transactions by the United States, inside or transit, the United States that involves any property or interests in the property of the person appointed or banned in another way.

US State Department spokesman Tami Bruce talked about the sanctions during a press conference on Thursday, as he sent a message to anyone supporting foreign terrorist organizations such as the Houthis.

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The Iranian Supreme Leader, Ayatollah Ali Khounai, attends a meeting with a group of students in Tehran, Iran, on Wednesday, November 1. (Iranian Supreme Leader Office via AP)

She said: “The United States is obligated to disable Houthi financial networks and bank access as part of our full approach to the government to eliminate the Iranian threat network.” “Moreover, we can confirm reports that Chang Guang Limited Technology (CGSTL) directly supports Iran -backed Houthi attacks on American interests. Their actions and Beijing support for the company, even after our own connections with them, are another example of China’s empty demands to support peace.

She continued, and urged US partners to judge the Chinese Communist Party and Chinese companies for their actions, not just their words.

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“Restoring freedom of navigation in the Red Sea is a priority for president Trump,” Bruce said. “Beijing must take this priority seriously when considering any future support for CGSTL. The United States will not tolerate anyone who provides support to foreign terrorist organizations such as the Houthis.”