Yemen central bank sanctions Houthi-affiliated businesses

AL-MUKALLA, 08 December 2022, (TON): Yemen’s central bank has frozen the assets and accounts of 12 business groups and traders for supporting or having connections with the Iran-backed Houthis.

The move was part of a list of measures approved by the internationally recognized government of Yemen to punish the militia for attacks on oil installations.

Ahmed Ahmed Ghaleb, head of the Aden-based central bank, has formally instructed local exchange firms to close the accounts of the 12 oil and trade organizations and businesspeople and cease doing business with them.

The governor said “you must freeze all accounts, prohibit commercial and financial activities with the aforementioned persons and organizations, and add them to your blacklists.”

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