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 the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Canadian Copper Strikes $96 Million Financing Deal to Jumpstart Bathurst Project

First Phosphate Gains Danish State Support With LOI For EUR 170 Million Credit Guarantee

Related News

Orano’s $1.6B Mongolia Uranium Project in Limbo Over Political Tensions

A $1.6 billion uranium mining deal between France and Mongolia, aimed at diversifying France’s nuclear...

Monday, February 26, 2024, 02:05:41 PM

Venezuela, Russia Block Encrypted Messaging App Signal

Venezuela and Russia appear to be ramping up their digital censorship efforts. In Venezuela, following...

Monday, August 12, 2024, 01:13:05 PM

Russia Proposes Major Economic Shift to Rejoin the Dollar System

In a surprising turn of events for global politics and finance, a recently surfaced internal...

Thursday, February 12, 2026, 11:36:19 AM

Treasury Suspends Anti-Money Laundering Reporting Requirements for US Businesses

The US Treasury Department has suspended enforcement of key provisions of the Corporate Transparency Act...

Monday, March 17, 2025, 10:53:00 AM

Is Switzerland Helping Russia To Evade Oil Sanctions?

Switzerland, a major oil trading hub, has witnessed a significant shift in the market landscape....

Wednesday, July 19, 2023, 01:37:00 PM