US imposed sanctions on network financing Yemen’s Houthis

Yemen’s Houthis

WASHINGTON, June 10 : The United States on Thursday imposed sanctions against what it calls an international smuggling network financing Yemen’s Houthis.

The United States Treasury Department said it had designated Iran-based Houthi financier Sa’id al-Jamal and six other individuals and five entities of his network.

“This network generates tens of millions of dollars in revenue from the sale of commodities, like Iranian petroleum, a significant portion of which is then directed through a complex network of intermediaries and exchange houses in multiple countries to the Houthis in Yemen,” the Treasury said in a statement.

Meanwhile, the US lifted sanctions on three former Iranian officials and two companies previously involved in trading Iranian petrochemical products, according to the statement.

“These delistings are a result of a verified change in behavior or status on the part of the sanctioned parties,” it said.

The United State Department spokesperson Ned Price told reporters in a daily briefing that the move has no connection to the ongoing talks in Vienna, which are aimed at bringing Washington and Tehran back to compliance with the nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA).

The United States and remaining parties of the Joint Comprehensive Plan of Action (JCPOA) will reconvene in Vienna later this week for the sixth round of negotiations.

The United States government under former President Donald Trump withdrew from the JCPOA in May 2018 and unilaterally re-imposed sanctions on Iran. In response, Iran gradually stopped implementing parts of its JCPOA commitments from May 2019.

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