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US Treasury imposes sanctions on smuggling network funding Yemen’s Houthis

The US Treasury on Thursday imposed sanctions on what it said are members of a smuggling network that produces millions of dollars for Yemen’s Iran-affiliated Houthi movement.

“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,” a Treasury statement said.

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Those slapped with sanctions included two Yemenis, five other nationalities, as well as entities based in Gulf, Istanbul and Yemen’s capital, Sanaa, which is controlled by the Houthis.

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