Press Today Ports and Cryptocurrencies Finance
The article details how the Houthis finance their military arsenal through an intricate financial network that extends beyond Yemen. This network involves control over ports, customs, and oil resources, employing illegal methods such as cryptocurrencies and remittance networks. It also maintains relationships with Russia, China, and Iran. The financing system primarily focuses on port fees, taxes, and Iranian trade, with hundreds of millions of dollars stored in digital wallets. Additionally, they expand foreign relations to bolster their military capabilities, despite the challenges posed by American sanctions. Throughout, they maintain control over strategic areas to ensure funding and resilience.
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