The U.S. has sanctioned Yemen Kuwait Bank due to its alleged connections with the Houthi movement, which continues to attack U.S. military and regional partners. The bank reportedly facilitates the Houthis’ access to international financial systems, allowing them to finance destabilizing attacks, particularly against Israeli shipping in the Red Sea.
On Friday, the United States imposed sanctions on Yemen Kuwait Bank for Trade and Investment due to its purported ties to the Houthi movement. The Houthis, designated as a terrorist organization by the U.S., have engaged in attacks against U.S. military personnel and allied nations, as well as legitimate commerce in the Red Sea region. These attacks include missile and drone strikes on Israeli-affiliated cargo vessels, purportedly as a show of solidarity with Gaza amid ongoing conflict.
Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence, Bradley Smith, emphasized the importance of disrupting the financial networks that the Houthis utilize. He stated that institutions like Yemen Kuwait Bank are essential for the Houthis to gain access to the global financial system, which they exploit to fund their destabilizing operations in the region. The U.S. government remains steadfast in its collaboration with Yemen’s legitimate government to protect the nation’s financial sector from Houthi domination.
The United States has increased its measures against entities believed to support the Houthi group in Yemen, especially in light of escalating tensions in the region. The Houthis have recently intensified their military activities, particularly targeting vessels connected to Israel in the Red Sea, which has drawn international condemnation. This move underscores the importance of safeguarding legitimate trade and financial channels in a region plagued by conflict and instability.
In conclusion, the sanctions against Yemen Kuwait Bank highlight the United States’ commitment to confront the financial support networks of the Houthi group. As the Houthis continue their aggressive actions against U.S. interests and allies, the U.S. aims to protect the integrity of Yemen’s financial sector and disrupt the channels being utilized for destabilizing efforts.
Original Source: news.az
