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

First Majestic Aims To Restart Production At Jerritt Canyon In H2 2027

Mercado Minerals Identifies A Series Of New Targets Following LiDAR Survey At Copalito

Related News

Canada Looks To Ban Import Of Russian Oil

Well, it’s official. Canada is formally looking to ban imports of oil from Russia on...

Monday, February 28, 2022, 10:45:05 PM

Oil-Out War: Biden Threatens Sanctions On Russian Oil Buyers Who Ignore Price Cap, Putin Warns Total Energy Export Halt

The weaponization of energy exports is on full display as the US warns of imposing...

Tuesday, September 13, 2022, 12:14:00 PM

X Emerges as Last Haven for Russian Disinformation, Leaked Documents Reveal

Recent investigations have uncovered that X has become the only remaining platform for Russian disinformation...

Wednesday, October 2, 2024, 07:38:15 AM

Nuclear Power at Risk: Russia and Kazakhstan Threaten to Cut Uranium Exports

The international uranium market is facing growing uncertainty as both Russia and Kazakhstan signal potential...

Monday, September 16, 2024, 11:27:00 AM

Operation Prosperity Guardian Isn’t Reassuring Major Merchants, Over 100 Container Ships Have Diverted Away from the Red Sea

In recent weeks, US warships stationed in the Red Sea have encountered an escalation in...

Friday, December 22, 2023, 06:56:00 AM