Lenderking, Grundberg Resume Mobilization to Extend Yemen Truce

Minister of Foreign Affairs of Yemen receives Chargé d'Affairs of the British Embassy in Yemen (Asharq Al-Awsat)
Minister of Foreign Affairs of Yemen receives Chargé d'Affairs of the British Embassy in Yemen (Asharq Al-Awsat)
TT
20

Lenderking, Grundberg Resume Mobilization to Extend Yemen Truce

Minister of Foreign Affairs of Yemen receives Chargé d'Affairs of the British Embassy in Yemen (Asharq Al-Awsat)
Minister of Foreign Affairs of Yemen receives Chargé d'Affairs of the British Embassy in Yemen (Asharq Al-Awsat)

The US Department of State announced that the US Special Envoy for Yemen Tim Lenderking will return to the region to support UN efforts to expand and extend the Yemeni truce.

Lenderking’s return to the Middle East comes at a time when Houthi militias in Yemen have exhibited intransigence. Moreover, the Iran-backed group had presented demands that were labeled as “extremist” by the UN Security Council.

UN Special Envoy for Yemen Hans Grundberg is also mobilizing to revive the truce, whose second extension expired on Oct. 2. Houthi militias have rejected Grundberg’s proposal regarding the expansion and extension of the ceasefire.

The Diplomatic Advisor to the UAE President, Anwar Gargash, met with Grundberg on Tuesday, according to a statement posted on the UN diplomat’s twitter account.

Grundberg also met with UAE Minister of State in the Ministry of Foreign Affairs and International Cooperation, Khalifa Almarar.

The officials stressed the need to continue the efforts being made to renew the armistice in Yemen.

“Lenderking will travel to the region starting Oct. 11 to support intensive, UN-led negotiations with the Yemeni parties to reach agreement on a truce extension and expansion, for the sake of Yemenis,” said a statement by the US State Department.

“The Houthis have an opportunity to support an expanded truce agreement that would provide millions of Yemenis with immediate relief, including much-needed civil servant salary payments, opening roads to and through Taiz and across the country, more flight destinations from Sanaa, and a path to a durable, inclusive Yemen-led peace process, that includes Yemenis’ calls for justice, accountability, and redress for human rights violations and abuses,” it added.

“The truce remains the best opportunity for peace Yemenis have had in years. The United States and the international community stand ready to support an expanded truce,” the statement affirmed.



Syria Expects First Transfer with US Bank 'Within Weeks'

FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
TT
20

Syria Expects First Transfer with US Bank 'Within Weeks'

FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo

Syria expects to have its first transaction with a US bank "in a matter of weeks", Syrian central bank governor Abdelkader Husriyeh said on Thursday, a day after a high-level meeting between Syrian and US commercial banks.

The resumption of transfers between Syrian and US banks would be a key milestone in the push by Syria’s new rulers to reintegrate the country into the global financial system after 14 years of civil war, Reuters reported.

Husriyeh on Wednesday held a virtual conference bringing together Syrian banks, several US banks and US officials, including Washington's Syria Envoy Thomas Barrack, with the aim of speeding up the reconnection of Syria's banking system to the global financial system.

This follows US President Donald Trump’s announcement in May that all sanctions on Syria would be lifted. That has been followed up with executive orders formally lifting some of the measures.

Syria's reintegration into the global financial system would be a major step towards enabling the kind of large financial transactions needed to kickstart its reconstruction and economic activity, and help rein in a highly informal, cash-based economy.

Husriyeh extended a formal invitation to US banks to re-establish correspondent banking ties following the ouster of former Syrian president Bashar al-Assad, whose crackdown on 2011 protests resulted in Western countries imposing one of the world’s strictest sanctions regimes.

"We have two clear targets: have US banks set up representative offices in Syria and have transactions resume between Syrian and American banks. I think the latter can happen in a matter of weeks," Husriyeh told Reuters.

Among the banks invited to Wednesday’s conference were JP Morgan, Morgan Stanley and CitiBank, though it was not immediately clear who attended.