Tag Archives | sanctions

EU to Sanction "Spoilers"

By John Lee. The European Union has reportedly agreed sanctions on three Libyan leaders who oppose Libya's new Government of National Accord (GNA). The three men are: Nouri Abusahmain, president of the Tripoli-based General National Congress (GNC); Khalifa al-Ghwell, prime minister of the Tripoli government; and, Aguila Saleh, the president of the previously internationally recognized […]

Security Council Threaten to Sanction Individuals

Recalling their statement last week which commended Libyan dialogue participants on finalizing a political agreement for the creation of a Government of National Accord, members of the UN Security Council today urged all Libyan parties to endorse and sign it. Libya has been plagued by factional fighting since the 2011 revolution, with the situation continuing […]

Italy: Individual Sanctions 'a Possibility'

Italian Foreign Minister Paolo Gentiloni (pictured) said on Monday said that the "hypothesis" of EU sanctions against "three to four" individuals who oppose the peace process could go into effect if there aren't changes among certain factions in Tripoli, despite the fact that there was support for the process from "most" members from Libya. He […]

EU May Impose Sanctions on Individuals

The Wall Street Journal reports that the European Union is considering imposing sanctions on several people connected with Islamist forces and who are alleged to opposed the Libyan peace process. High Representative/Vice-President Federica Mogherini (pictured), the EU's head of foreign policy, confirmed on Monday that the EU is looking into taking action against some individuals, […]

Glenn Maud v The Libyan Investment Authority

By John Whittaker, Partner, Clyde&Co. This article is republished with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. The decision of Glenn Maud v The Libyan Investment Authority on 8 June 2015 is of interest to those involved with sanctions. A […]

Libya: "Arms Embargo Must be Lifted to Fight IS"

The president of Libya’s internationally-recognized parliament, has said that the United Nations arms embargo on the country must be lifted to help prevent the advance of Islamic State (IS, ISIS, ISIL) militants. Aqila Saleh told a meeting of leaders of Arab League member states: “I say to those who oppose or delay the arming of […]

EU Could Consider Oil Embargo

Reuters has seen a confidential European Union (EU) discussion paper that says an oil embargo is one of the options that could be used to press for a solution to the crisis in Libya. The paper urges caution, and says a starting point would be to request the UN to look into this possibility. Another […]

Asset Freeze Lifted on ODAC

The European Union has lifted the financial sanctions placed on Libya's Organisation for Development of Administrative Centres (ODAC). But asset freezes remain in place against Libyan companies and individuals, a list of which can be found here. Affected entities include the Libyan Agricultural Bank, the Libyan Arab African Investment Company and the Libyan Holding Company […]