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Houthi network sanctioned by US for obtaining weapons, commodities from Russia

( April 2, 2025, 16:39 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control (OFAC) took action against a network of Houthi financial facilitators and procurement operatives that has procured tens of millions of dollars’ worth of commodities from Russia, including weapons and sensitive goods, as well as stolen Ukrainian grain, for onward shipment to Houthi-controlled Yemen. OFAC also identified eight digital asset wallets used by the Houthis to transfer funds associated with their activities.Statements follow below:...

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