Bank Of Baku

EU extends sanctions against Libya

EU extends sanctions against Libya
# 10 March 2011 21:46 (UTC +04:00)
Baku-APA. The European Union decided on Thursday to extend sanctions against Libya, APA reports quoting Xinhua News Agency.

The Council of the EU decided to extend restrictive measures to five key financial entities, and to add one additional name to the list of individuals already subject to restrictive measures in response to the ongoing situation in Libya.

The funds and economic resources of the five designated entities will be frozen and an additional name will be added to the list of 26 individuals subject to an assets freeze.

The measures would enter into force as soon as they are published in the Official Journal of the EU, the EU said in a press release.

The Council earlier banned the supply to Libya of arms, ammunition and related material, prohibited trade with Libya in equipment that might be used for internal repression and imposed a visa ban and an assets freeze on 26 individuals, including Muammar Qadhafi, members of his family and close associates.
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