Economics
U.S. Joins With Saudi Arabia, Qatar on New Yemen Sanctions
- Bahrain, UAE also among countries partnering in action
- Sanctions hit 8 individuals, organization funding extremists
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Treasury Secretary Steven Mnuchin said the U.S. would impose sanctions on alleged terrorism financiers in Yemen, targeting eight individuals and an organization for supporting the militant groups Islamic State and al-Qaeda in Yemen.
The move was made “in partnership” with Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and the United Arab Emirates, the Treasury Department said in an emailed statement on Wednesday. Mnuchin described the sanctions in a speech in Riyadh, calling them the first such “multilateral" effort in the Mideast and the result of a new program President Donald Trump established earlier this year to jointly target terrorist financing.