The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday announced new sanctions targeting vessels and companies accused of delivering oil derivatives to Houthi-controlled ports in Yemen and thereby helping to fund the group’s attacks on international shipping in the Red Sea.
The action blocks the property of three shipping companies and their associated vessels for providing material support to the Houthis, who the U.S. government recently re-designated as a specially designated global terrorist group and a foreign terrorist organization.
“Today’s action underscores our commitment to disrupt the Houthis’ efforts to fund their dangerous and destabilizing attacks in the region,” said Deputy Secretary of the Treasury Michael Faulkender. “Treasury will continue to leverage our tools and authorities to target those who seek to enable the Houthis’ ability to exploit the people of Yemen and continue their campaign of violence.”…