UN Security Council eases Libya sanctions
September 17th, 2011 - 9:32 am ICT by IANSUnited Nations, Sep 17 (IANS) The UN Security Council Friday unanimously adopted a resolution to ease sanctions against Libya, and set up a UN mission to help restore security and initiate economic recovery in the North African country.
The new resolution decided to lift asset freeze against the Libyan National Oil Corporation and Zueitina Oil Company, and ease sanctions against the Central Bank of Libya, the Libyan Arab Foreign Bank, the Libyan Investment Authority and the Libyan Africa Investment Portfolio, Xinhua reported.
The Security Council underscored “the importance of making these assets available in a transparent and responsible manner in conformity with the needs and wishes of the Libyan people”, the resolution said.
However, sanctions against ousted Libyan leader Muammar Gaddafi, his family members and close followers are still on, the resolution said.
The resolution was adopted after the UN General Assembly approved Libya’s National Transitional Council as the legitimate holder of the country’s UN seat.
In February, the 15-nation Security Council voted 15-0 to freeze the foreign assets of Gaddafi and his aides.
The Security Council also decided to set up a UN Support Mission in Libya (UNSMIL) “for an initial period of three months to restore public security and order and promote the rule of law in the warring country, undertake inclusive political dialogue, promote national reconciliation, and embark upon the constitution-making and electoral process, and “take the immediate steps required to initiate economic recovery,” the resolution said.
- EU to unfreeze Libyan banks' assets - Dec 22, 2011
- Canada sanctions freeze Gaddafi's millions in its banks - Feb 28, 2011
- UN Security Council authorizes no-fly zone over Libya (Lead) - Mar 18, 2011
- UN appoints special representative for Libya - Sep 20, 2011
- Libya declares ceasefire after UN no-fly resolution - Mar 18, 2011
- EU expands sanctions against Libya - Jun 07, 2011
- UNSC slaps sanctions on Gaddafi, relatives - Feb 27, 2011
- India backs UN sanctions against Libya - Feb 27, 2011
- India backs UN sanctions against Libya (Lead) - Feb 27, 2011
- UN Security Council imposes sanctions, refers Libya to the International Criminal Court - Feb 27, 2011
- European Union further extends sanctions against Libya - Aug 10, 2011
- Libyan opposition forms national council - Feb 28, 2011
- Canada pre-empts Gaddafi plan to withdraw millions from banks (Lead) - Feb 28, 2011
- After UN fly ban, world bracing 'all necessary measures' to protect Libyans (Third Lead) - Mar 18, 2011
- Libyan rebels seek financial help from Spain - Jul 22, 2011
Tags: central bank of libya, economic recovery, electoral process, initial period, investment authority, investment portfolio, libya sanctions, libyan arab foreign bank, libyan investment, libyan leader muammar, muammar gaddafi, national oil corporation, national reconciliation, national transitional council, new resolution, political dialogue, responsible manner, un general assembly, un security council, xinhua