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US sanctions network said to be financing Houthi rebels

by News
December 7, 2023
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The United States on Thursday leveled sanctions on 13 individuals and entities accused of providing funds to Yemen’s Huthi rebels, currently engaged in firing missiles at Israel and targeting Israeli-linked commercial ships in the Red Sea.

The sanctions targeted people and companies that allegedly provided “tens of millions of dollars’ worth of foreign currency” to the Huthis, generated from the sale and shipment of Iranian commodities “backed by the Islamic Revolutionary Guard Corps,” the US Treasury Department said in a statement.

The announcement described “a complex network of exchange houses and companies in multiple jurisdictions,” which “serve as an important conduit through which Iranian money reaches the country’s militant partners in Yemen.”

Treasury undersecretary for terrorism and financial intelligence Brian Nelson said the Huthis continue to receive funding and support from Iran.

“And the result is unsurprising: unprovoked attacks on civilian infrastructure and commercial shipping, disrupting maritime security and threatening international commercial trade,” Nelson said.

The Iran-backed rebels, who control much of Yemen, have avowed…

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