Houthi followers burn the Israeli and American flags during a tribal gathering on January 14, 2024 on the outskirts of Sana'a, Yemen. Houthi followers gathered to protest against the U.S.-U.K. airstrikes on positions in areas under their control. (Mohammed Hamoud/Getty Images)
The IBY, for instance, has allegedly aided Houthi businesses and officials to pursue oil on the SWIFT network, while also facilitating attempts by the terrorist group to evade sanctions oversight.
Under Thursday’s sanctions, all property and interests in property of the leaders named, that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. Additionally, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked.
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Iranian Supreme Leader Ayatollah Ali Khamenei attends a meeting with a group of students in Tehran, Iran, on Wednesday, Nov. 1. (Office of the Iranian Supreme Leader via AP)
"The United States is committed to disrupting the Houthi financial networks and banking access as part of our whole-of-government approach to eliminating Iran's threat network," she said. "Moreover, we can confirm the reporting that Chang Guang Satellite Technology Company Limited (CGSTL) is directly supporting Iran-backed Houthi terrorist attacks on U.S. Interests. Their actions and Beijing's support of the company, even after our private engagements with them, is yet another example of China's empty claims to support peace.
She continued, urging partners of the U.S. to judge the Chinese Communist Party and Chinese companies on their actions, and not just their words.
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"Restoring freedom of navigation in the Red Sea is a priority to President Trump," Bruce said. "Beijing should take this priority seriously when considering any future support of CGSTL. The United States will not tolerate anyone providing support to foreign terrorist organizations such as the Houthis."
Greg Wehner is a breaking news reporter for Fox News Digital.
Story tips and ideas can be sent to Greg.Wehner@Fox.com and on Twitter @GregWehner.
https://www.foxnews.com/politics/trump-admin-imposes-sanctions-against-bank-yemen-supporting-houthis