International
banks have cut credit lines for traders shipping food to war-torn
Yemen, choking off vital supplies to the country which faces the risk
of famine.
A trading
source, speaking on condition of anonymity from Yemen, said Friday
that supplies are shrinking because international lenders are
increasingly unwilling to offer letters of credit amid security
concerns in Yemen.
Yemen has
been under a crippling air and sea blockade by Saudi Arabia for
nearly a year as the regime in Riyadh has been engaged in a deadly
campaign against the impoverished country.
The Saudi
aggression and blockade, which has been meant to undermine Yemen’s
Houthi Ansarullah movement and restore power to the fugitive former
president, Abd Rabbuh Mansour Hadi, has left 21 million people out of
Yemen’s population of 26 million in need of humanitarian
assistance.
The source
said foreign banks are unwilling to process Yemen’s payments
because ports have turned into battlegrounds and the financial system
is disrupted due to the Saudi attacks.
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