The U.S. has sanctioned Yemen Kuwait Bank for purported connections to the Houthi group. The Houthis have been attacking U.S. forces and regional partners while targeting Israeli cargo vessels. The sanctions aim to cut off financial support for these destabilizing activities and isolate the Houthi influence from Yemen’s banking sector.
On Friday, the United States imposed sanctions on Yemen Kuwait Bank for Trade and Investment, citing alleged ties to the Houthi movement, a group designated as a terrorist organization by the U.S. The sanctions are in response to attacks by the Houthis on U.S. military forces and their regional allies, as well as legitimate trade ventures in the Red Sea. In support of Gaza amidst the ongoing conflict, the Houthis have purportedly attacked Israeli-linked cargo vessels in this vital shipping lane.
The sanctions come amid a prolonged conflict in Yemen, where Houthi forces have been engaged in hostilities against various entities, including U.S. personnel. The U.S. government has expressed concern over the instability caused by the Houthis’ actions, which impact not only military operations but also civilian shipping in international waters. The financial mechanisms used by the Houthis, particularly their reliance on banking institutions like Yemen Kuwait Bank, amplify the urgency of addressing these concerns.
The U.S. Department of the Treasury is determined to halt the financial support that facilitates Houthi aggression in the region. By targeting specific financial institutions, the U.S. aims to restrict the Houthis’ access to international finances. Both the sanctions and ongoing collaboration with Yemen’s recognized government highlight a concerted effort to stabilize the region and protect maritime activities.
Original Source: news.az
