Yemen

Information as of: 7th June 2021

Latest Updates
UN        All restrictive measures renewed under S/Res/2564 (2021) until 28 Feb 2022.
US      All restrictions established under EO 13611 are renewed again until 16 May 2022.
EU        
 
UK
The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 which revoked and replaced The Yemen (Sanctions) (EU Exit) Regulations 2020 incorporates EU and UN sanctions into UK law wef: 31 Dec 2020.
Financial/Other Sanctions
UN 
S/Res/2140 (2014) - wef 26 Feb 2014 extended by S/Res/2564 (2021) until 28 Feb 2022
US EO 13611 (May 2012)
EU

CFSP 2014/932 CFSP 2020/488 and  CFSP 2020/490,

UK
 The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 which revoked and replaced The Yemen (Sanctions) (EU Exit) Regulations 2020 incorporates EU and UN sanctions into UK law wef: 31 Dec 2020. 
Arms Embargo
UN S/Res/2216 (2015) 14 Apr 2015
US No
EU (CFSP) 2015/882
UK
The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 wef: 31 Dec 2020.
 
Further Details
UN S/Res/2140(2014) - effective from 26 Feb 2014 imposes asset freeze & travel ban on all designated individuals & entities. S/Res/2402 (2018) Extends asset freeze and travel ban on all designated entities until 26 Feb 2019. 14 Apr 2015 S/Res/ 2216/2015 adds individuals to asset freeze and travel ban and also imposes arms embargo on Houthi Rebels in Yemen.  All restrictive measures are renewed under S/Res/2456 (2019) until 26 Feb 2020. S/Res/2511 (2020) imposes asset freeze & travel ban on all designated individuals & entities until 28 Mar 2021. All restrictive measures renewed under S/Res/2564 (2021) until 28 Feb 2022.
US EO 13611 blocks the property of persons threatening the peace, security or stability of Yemen. Extended until 16 May 2020. On 9 Nov 2012, OFAC issued the new Yemen Sanctions Regulations, 31 CFR part 552, to implement & provide guidance on EO 13611 of 16 May 2012. On 29 Oct 2020, OFAC amended and reissued the Yemen Sanctions Regulations in their entirety under 31 CFR Part 552 which replaces the previous regulations issued in abbreviated form in Nov 2012. All restrictions established under EO 13611 are renewed again until 16 May 2022. SDN updated periodically.
EU Council Decision : 2014/932/CFSP imposes asset freeze and travel ban on those who are engaging in or providing support for acts that threaten the peace, security or stability of Yemen. SDN list updated periodically. On 2 April 2020, the EU adopted CFSP 2020/488 and  CFSP 2020/490, which amends Decision 2014/932/CFSP inaccordance with UN 2511 (2020) in relation to human rights laws. 
UK
The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 which revoked and replaced The Yemen (Sanctions) (EU Exit) Regulations 2020 incorporates EU and UN sanctions into UK law wef: 31 Dec 2020. 
This information has been collated by the International Underwriting Association of London and is intended as a guide only. The IUA does not accept any liability for the accuracy of this information.
This publication is intended to convey only general information about sanctions legislation and associated insurance coverage. It is not, and is not intended to be, a complete statement of the law relating to this area. It should not be relied on or be used as a substitute for legal advice in relation to any particular set of circumstances. Accordingly, IUA does not accept any liability for any loss which may arise from reliance on this information.