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

How to Still Find 10-Bagger Gold and Silver Stocks | Don Durrett

First Majestic Silver: Jerritt Canyon Is BACK!

Canada May Finally Be Backing Its Battery Supply Chain | John Passalacqua – First Phosphate

Recommended

Antimony Resources Expands Footprint as Soil Sampling Lights Up Ground South of Bald Hill

Mercado Drills 256 g/t Silver Over 6.5 Metres In First Drill Hole of Inaugural Program

Related News

French Industrial Gases Supplier Air Liquide Makes Russian Exit, Leaves Operations To Local Management

Atypical of a so-called “French exit,” Paris-based industrial gases producer Air Liquide publicly announced its...

Friday, September 2, 2022, 02:18:00 PM

Chinese Banks Have A Sanctions Problem Coming

The escalating tension between the United States and Russia is now casting a shadow over...

Monday, April 29, 2024, 03:19:00 PM

BREAKING: US and UK Embassies Issue Travel Warnings Amidst Terror Threats in Moscow

Both the United States and United Kingdom embassies in Moscow have issued travel advisories over...

Thursday, March 7, 2024, 07:07:00 PM

Houthis Sink British Ship In The Red Sea, US Strikes Submarine Drone

Iran-backed Houthi militants attacked and significantly damaged the cargo ship Rubymar in the Bab el-Mandeb...

Tuesday, February 20, 2024, 10:14:56 AM

Is the Petrodollar Doomed?

For decades now, people have been asking, how can the US run twin deficits? Meaning...

Saturday, February 11, 2023, 02:05:13 PM