US lifts most sanctions against Libya
December 17th, 2011 - 8:35 pm ICT by IANSWashington, Dec 17 (IANS/RIA Novosti) The US has lifted most of its sanctions against Libya, imposed earlier in a bid to pressure the Muammar Gaddafi regime give up power.
“After careful consultation with the new Libyan government, the US rolled back most sanctions on the government of Libya. Due to the bravery and perseverance of the Libyan people, the Gaddafi regime was defeated and Libya is now undertaking a transition to democracy,” the White House said in a statement Friday.
“Today’s (Friday’s) action unfreezes all government and Central Bank funds within US jurisdiction, with limited exceptions,” it said.
The assets of the Gaddafi family would, however, remain frozen.
Gaddafi, who had ruled Libya for almost 42 years, was captured and executed by rebels near his home town of Sirte in October.
–IANS/RIA Novosti
pm/dg
- EU to unfreeze Libyan banks' assets - Dec 22, 2011
- White House welcomes new Libyan ambassador - Sep 10, 2011
- Japan freezes $4.4 bn worth of Gaddafi regime assets - Jun 04, 2011
- US to release $1.5 bn in Libyan funds - Aug 26, 2011
- Egypt to extradite Gaddafi supporters - Mar 16, 2012
- Militants escape from Libyan jails - Aug 26, 2011
- Gaddafi must step down: Medvedev - May 27, 2011
- US stopped 'Gaddafi's deadly advance': Obama (Lead) - Mar 29, 2011
- New rulers declare Libya officially liberated - Oct 24, 2011
- UN chief discusses Libya with regional organisations - Aug 27, 2011
- Gaddafi daughter asks Libyans to revolt - Nov 30, 2011
- Libyan rebels council seeks Arab League recognition - Mar 12, 2011
- Libyan rebels ask for weapons, says Italy - Apr 13, 2011
- Gaddafi's son Saadi granted asylum in Niger - Sep 12, 2011
- Italy may unfreeze $3.6 bn of Libyan assets - Sep 04, 2011
Tags: assets, bravery, careful consultation, democracy, dg, exceptions, gaddafi regime, government of libya, jurisdiction, libyan government, muammar gaddafi, perseverance, rebels, ria novosti, sanctions, sirte, transition, white house