The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken measures against a network involved in providing financial and logistical support to the Houthis. This group's activities include procuring tens of millions of dollars in commodities from Russia, such as weapons and stolen Ukrainian grain, for delivery to Houthi-controlled regions in Yemen.
Secretary of the Treasury Scott Bessent stated, "The Houthis remain reliant on Sa’id al-Jamal and his network to procure critical goods to supply the group’s terrorist war machine." He emphasized the U.S. commitment to curtailing threats posed by such destabilizing actions.
The Houthis have been known for using missiles, UAVs, and naval mines to engage in disruptive activities that threaten commercial shipping in the Red Sea. This has led to fatalities and inflicted significant damage on shipping operations.
Today's designations fall under Executive Order (E.O.) 13224, as amended, targeting individuals and entities providing support to the Houthis. The network includes Russia-based Afghan businessmen Hushang and Sohrab Ghairat, who have been aiding in Houthi commercial endeavors in Russia.
Moreover, financial facilitator Hassan Jafari from Turkey, involved in money laundering and facilitating transactions for Houthi benefit, has been designated under the same order.
The consequences of this action include the blocking of all U.S.-based properties of involved individuals and the prohibition of U.S. transactions with them. Violations of these sanctions could lead to penalties, and engaging with these parties may trigger secondary sanctions.
OFAC’s enforcement and sanction guidelines aim to promote behavioral changes rather than punitive measures.
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