The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury imposed sanctions on Yemen Kuwait Bank for Trade and Investment YSC for providing financial support to the Houthis, who continue to threaten maritime routes and U.S. interests in the Red Sea.
“The Houthis rely on a few key financial institutions, such as Yemen Kuwait Bank, to access the international financial system and fund their destabilizing attacks in the region,” said Acting Under Secretary Bradley T. Smith.
The sanctions are part of a broader plan…
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