Tag Archives | sanctions

UK Libya Sanctions Guidance

Libya (Sanctions) (EU Exit) Regulations 2020 The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is responsible for improving the understanding, implementation and enforcement of financial sanctions in the United Kingdom. OFSI publishes a list of individuals and organisations subject to financial sanctions as well as general guidance to promote compliance. Click here […]

LIA says Sanctions have cost it $4.1bn

By John Lee. The Libyan Investment Authority (LIA) has said that the value of its portfolio would have been approximately $4.1 billion higher if sanctions had not been imposed and its equity assets had performed in line with the market. It says this analysis follows a recent independent report compiled by Deloitte, which assessed that […]

US imposes Sanctions on the Kaniyat Militia

By John Lee. The United States has imposed sanctions on Mohamed al-Kani and the Kaniyat militia in connection with what it says is the massacre of hundreds of civilians in recent years. In a press statement, US Secretary of State Mike Pompeo (pictured) said: "Al-Kani and the Kaniyat militia, which al-Kani leads, are designated pursuant […]

EU, UK sanction Russian Businessman over Libya activites

By John Lee. Both the European Union and the United Kingdom have placed sanctions on Kremlin insider Yevgeniy Viktorovich Prigozhin, who is allegedly responsible for significant foreign mercenary activity in Libya and multiple breaches of the UN arms embargo. According to the EU's claim, Prigozhin is a Russian businessman with close links, including financially, to […]

EU removes Libyan Politicians from Sanctions List

EU removes Agila Saleh and Nuri Abu Sahmain from sanctions list The Council of the European Union has decided to remove Agila Saleh, speaker of the Tobruk-based House of Representatives, and Nuri Abu Sahmain, former president of the internationally unrecognised General National Congress of Libya, from the list of individuals and entities subject to restrictive […]

EU imposes new Libya-Related Sanctions

By John Lee. The European Council today decided to impose targeted restrictive measures on two persons responsible for human rights abuses in Libya and three entities involved in violating the UN arms embargo in place for Libya: Mahmoud Mustafa Busayf al-Warfalli (Commander of Benghazi-based al Saiqa Brigade); Moussa Diab ("directly engaged in serious human rights […]

US Sanctions Network Threatening the Security of Libya

From US Embassy in Libya: The United States has imposed financial sanctions on a network of smugglers contributing to the instability in Libya. These individuals include Libyan national Faysal al-Wadi (Wadi), operator of the vessel Maraya, and his two associates, Musbah Mohamad M Wadi (Musbah) and Nourddin Milood M Musbah (Nourddin), and the Malta-based company, […]

US Congress Pushes for Sanctions on Turkey, Russia

By Jack Detsch for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Congress Pushes for Sanctions on Turkey, Russia Over Libyan War U.S. lawmakers are advancing a bill that would compel the Trump administration to levy sanctions on Russia and Turkey […]