Tag Archives | sanctions

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 […]