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

This Gold Story Starts With Cash Flow | Gordon Robb – ESGold

Silverco Cusi Mine PEA: Bigger Isn’t Always Better

Fixing Heart Disease Tied to Sudden Death in Young People | David Elsley – Cardiol Therapeutics

Recommended

Cambria Drills 17.95 g/t Gold Over 22 Metres At Premier Mine

Denarius Metals Increases Bid For Emerita Resources To $0.45 Per Share

Related News

Russia and India Will Not Trade in Rupees

India and Russia have halted their efforts to establish a bilateral trade settlement in rupees,...

Monday, July 17, 2023, 09:27:00 AM

Russia’s Central Bank to Launch Digital Ruble by 2030

The digitization of currencies continues to gain momentum around of the world, with Russia now...

Wednesday, September 15, 2021, 11:51:00 AM

Sanctions, Part 10: EU To Impose €11-Billion Worth Trade, Tech Bans On Russia

The European Union will impose trade sanctions and technology export controls worth €11 billion on...

Thursday, February 16, 2023, 02:17:00 PM

Germany, Poland, EU Want Sanctions On Russian Uranium

Germany, Poland, and a few other EU countries are lobbying for restrictions on Russian nuclear...

Thursday, April 20, 2023, 10:38:34 AM

Tale of Two Putins: Did Russian Media Accidentally Reveal a Presidential Double?

A tweet by Volodymyr Tretyak, an apparent supporter of Ukraine in its war against Russia,...

Friday, June 23, 2023, 11:00:46 AM