Treasury Sanctions Russian Firms for Houthi Ties, Drops Putin Associate’s Wife from Blacklist

The United States has imposed sanctions on three Russian companies for their alleged role in a network supplying goods to Yemen’s Houthi rebels, while quietly removing the wife of a Russian billionaire with close ties to President Vladimir Putin from its sanctions list.

The Treasury Department’s Office of Foreign Assets Control added Edison, Kolibri Group, and Sky Frame to its blacklist on April 2, blocking their US assets and prohibiting Americans from conducting business with them.

Treasury officials said the companies participated in shipping materials, weapons and sensitive goods from Russia to the Iran-backed Houthis. The sanctioned network allegedly transferred commodities worth “tens of millions of dollars,” including grain allegedly stolen from Ukrainian territories under Russian occupation.

“The Houthis remain reliant on Sa’id al-Jamal and his network to procure critical goods to supply the group’s terrorist war machine,” said Treasury Secretary Scott Bessent, emphasizing Washington’s commitment to limiting the group’s capabilities.

In the same action, the Treasury Department removed Karina Rotenberg from its sanctions register without explaining. Rotenberg, who according to leaked documents cited by the Moscow Times has held US citizenship since at least 2013, was sanctioned in March 2022 following Russia’s invasion of Ukraine.

Her husband Boris Rotenberg and his brother Arkady have amassed substantial wealth through government construction and banking contracts in Russia. Western authorities have sanctioned both men for their close relationship with the Kremlin.

The sanctions adjustment comes amid growing tensions between Washington and Moscow over the Ukraine conflict. President Donald Trump recently adopted a more confrontational stance toward Russia, threatening additional sanctions including potential tariffs on Russian oil exports if peace negotiations don’t advance.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Copper Is Heading To $30 And Silver To $200 | Craig Parry

Mako Mining Q3 Earnings: The Transitional Quarter

B2Gold Q3 Earnings: Goose Troubles Cloud The Narrative

Recommended

Selkirk Copper Appoints Two Members Of Selkirk First Nation To Leadership Team

Altamira Gold Appoints Dr Richard Sillitoe, Porphyry Expert, As Technical Advisor

Related News

US Sanctions Drives Insane Spreads In Ruble / Dollar Transactions

New US sanctions targeting Russia’s financial system have forced the Moscow Exchange (MOEX) to suspend...

Thursday, June 13, 2024, 07:58:21 AM

Russia Warns That A Putin Arrest In BRICS Summit Would Be ‘A Declaration of War’

South African President Cyril Ramaphosa has warned that any attempt to arrest Russian President Vladimir...

Wednesday, July 19, 2023, 11:38:00 AM

Russia Braces For Price Hikes on Essentials of up to 40%

Consumers are bracing for a significant surge in food prices as Russian suppliers of essential...

Friday, August 16, 2024, 12:55:00 PM

Amazon Accused of Breaching Russian Sanctions with Facial Recognition Technology

A former employee has accused Amazon (NASDAQ: AMZN) of violating UK sanctions by allegedly providing...

Saturday, June 8, 2024, 09:14:00 AM

Moldova President: Coup Plot Foiled To “Put Our Country At The Disposal Of Russia”

On Monday, Moldova’s president accused Russia of orchestrating a coup, after charges by Ukraine’s president...

Monday, February 13, 2023, 03:01:00 PM