The Houthi kidnapped group of the Yemeni capital, Sana'a, has preceded the validity of its classification of a “foreign terrorist organization” by the American government, and announced not to recognize any international sanctions on individuals and entities except with prior approval, amid fears that the group seizes commercial banks; To prevent it from moving to internationally recognized government control areas.
And the branch of the Yemeni Central Bank, which is controlled by the Houthis in Sana'a, distributed a circular to financial and non -financial institutions, specific professions and commercial entities operating in those areas, in which he informed it that it is not permissible to seize or freeze money, property or assets of individuals and entities on the international sanctions lists except by a decision By the Attorney General in their areas of control.
The circular included a directive that it is not permissible to suspend or prohibit dealing with any individual or entity except based on instructions from the Financial Information Unit in the branch of the Central Bank International sanctions unless a decision was issued by the group’s authority to stop such transactions.
The Financial Information Unit in the Central Bank branch in Sana'a - according to the circular - will handle the communications of freezing or seized assets or suspending transactions and referring them to the competent authorities to take the necessary measures in accordance with the law. It is believed that this step will give individuals and entities cooperating with and subject to US sanctions the right to continue working in their areas of control.
Yemeni political and security analyst Muhammad Pasha believes that this declaration may be a challenge to the American classification of the group, a “foreign terrorist organization”, and expected that the Houthis would resist any transfer of the main headquarters of banks, institutions and commercial entities from Sana'a to Aden.
Pasha also expected the possibility that some companies and institutions will face forced seizure by the Houthis if it insists on moving to the city of Aden, which the government is taking a temporary capital of the country. If this step would put companies and banks in a difficult position between the pressures of the Houthi policies and international sanctions, according to the expectations of the Yemeni political and security analyst.
The latest UN report confirmed that the food security situation in Yemen remained embarrassingly disturbing the country, as about 61 percent of families suffered from the difficulty of reaching adequate food, which represents a slight monthly decrease by one percent, but it is, but it is, but it is, but it is It still represents a significant increase of 31 percent, compared to November 2023.
The report emphasized that economic challenges, lack of financing, and the suspension of food aid in most districts in the Houthi control areas, in addition to the income -generating activities, was the main driver of the state of food insecurity.