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U.S. sanctions International Bank of Yemen, cites Chinese satellite firm link to Houthi attacks
Summary
The State Department announced sanctions on the International Bank of Yemen for its financial support of the Houthis and said Chang Guang Satellite Technology Company Limited (CGSTL) directly supported Houthi attacks, urging partners to judge Chinese companies by actions.
State Department spokesperson Tammy announced that the United States has sanctioned the International Bank of Yemen for providing financial support to Houthi forces and also confirmed reporting that Chang Guang Satellite Technology Company Limited has directly supported Iran-backed Houthi attacks.
Tammy said the sanctions target the bank and ‘‘key leaders or officials of that bank’’ as part of a broader U.S. effort to disrupt Houthi financial networks. She also pointed to reporting that CGSTL provided satellite imagery and support to…
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