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The National Team For Foreign Outreach - Yemen

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ECONOMIC SITUATION – July 2022

  1. The suffering of more than 1.2 million public service employees and their dependents continues and their living situation exacerbates due to the interruption of their salaries since the transfer of CBY operations from the capital, Sana’a, to the governorate of Aden in August 2016. This has greatly exacerbated the humanitarian catastrophe.
  2. The issue of public sector employees’ salary interruption in the negotiation agenda witnessed considerable pressure during the talks that took place in the past three months, after the approval of the two-month truce in Yemen on 2nd April 2022 and its extension again in June 2022.
  3. During July 2022, the issues of salary disbursement and resolving this crisis have become the most priority issues addressed in the ongoing negotiations between Sana’a Government (NSG) and Riyadh government in the Omani capital, Muscat. The announcement of the Group-of-Five Committee (Oman, Saudi Arabia, UAE, US and UK) regarding collecting all revenues in Yemen proves that those who control and obstruct the payment of public sector employees’ salaries are the War Coalition countries led by the US, Saudi Arabia and the UAE.
  4. For extending the UN-declared truce, which expires in early August 2022, the government of the Supreme Political Council in Sana’a requires reaching agreements related to economic and humanitarian issues, including oil and gas revenues, especially the payment of public sector employees’ salaries, stopping the detention of ships heading to the port of Hodeidah, increasing the number of flights from Sana’a airport and opening new flight paths to other destinations, as well as fixing cease-fire.
  5. According to Oxfam, Yemen is threatened by unprecedented spike in food prices which puts Yemenis at risk of extreme hunger, as it imports 90 percent of its food, adding that stocks may run out in the coming months. This will pose a challenge to securing wheat imports amid the pressures of the global grain export crisis.
  6. The value of what was looted of Yemeni crude oil during the period from January to June 2022 from the export ports in the Yemeni governorates occupied by Saudi Arabia and the UAE amounted to one billion and 324 million dollars. These financial proceeds go to bank accounts in Saudi Arabia and the UAE, while Yemen is facing the biggest humanitarian catastrophe, including living and humanitarian crises as well as oil derivatives crisis, while the Yemeni people are deprived from the benefit of those looted sums.
  • On January 19, 2022, the ship “Politaris” looted 2.5 million barrels of crude oil from Dabba port in Hadramout, worth $217 million, and headed to China.
  • In February 2022, the ship “Pantanassa” looted two million barrels from Dabba port, with an estimated value of $200 million. Later, in the same month, one million barrels, with an estimated value of $106 million, were stolen.
  • On April 10, 2022, the Saudi-led coalition and its mercenaries looted more than 2.3 million barrels of oil from the port of Dabba, worth $267 million, which were transported via the “Politaris” ship to China.
  • Further, in April 2022, the ship “SEAVELVET” loaded and looted one million barrels of oil from Al-Noshima port in Shabwa, with an estimated value of $106 million, and headed for India.
  • In May 2022, the giant oil tanker “Politaris” arrived at the port of Ash-Shihr in Hadramout and loaded more than two million barrels of crude oil, with an estimated value of $270 million, equivalent to 162 billion Yemeni riyals.
  • In June 2022, 400,000 barrels of oil were stolen from Radhum port in Shabwa, with an estimated value of $44 million, and transported via the “Gulf Aetos” ship.
  • In June 2022, one million barrels of oil were stolen from Al-Noshima port in Shabwa, valued at $114 million, via the Emirati ship ISABELLA.
  • The satellite ship-tracking program showed the arrival of the ship ISABELLA to the outskirts of the Malaysian (Malacca) Strait, heading from Al-Noshima port to the Thai port of Rayong, and loaded with about 750,000 barrels of oil from Shabwa oil fields, with an estimated value of $90 million.
  • The total value of what was sold of Yemeni crude oil during the month of May 2022 only amounted to 180 billion Yemeni riyals, which is enough to pay the public sector employees’ salaries for about three months.

7- In violation of the terms of the UN-declared truce, the Saudi-led War Coalition continue to detain oil derivatives ships, despite completing all the procedures of inspection through the United Nations Verification and Inspection Mechanism in Djibouti (UNVIM) and obtaining UN pass permits confirming that the cargo conforms to the stipulated standards for docking at Hodeidah port, which in turn raises the ships’ demurrage charges.

8- Despite the truce declared by the United Nations, the Saudi-led Coalition of War on Yemen continues to directly target economic facilities and services with a view to achieving the maximum possible extent in increasing the human suffering of the Yemeni people.

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