US slaps further sanctions on Libyan firmsJune 22nd, 2011 - 5:06 am ICT by IANS
Washington, June 22 (IANS) The US has imposed sanctions on more Libyan entities in a bid to add more pressure on Muammar Gaddafi, but lifted sanctions against a government official who broke with the Libyan leader.
The Department of Treasury’s Office of Foreign Assets Control (OFAC) identified three Libya-owned banks and six companies in foreign lands as subject to sanctions, Xinhua reported.
It lifted sanctions against former oil minister Shukri Mohammed Ghanem, who defected last month. Ghanem was also the chairman of the National Oil Corporation of Libya.
The department accused the three banks - Arab Turkish Bank, a joint-venture between Arab and Turkish shareholders, the Tunisia-based North Africa International Bank, and the North Africa Commercial Bank in Lebanon - of involvement in commercial transactions with their parent bank, the Libyan Arab Foreign Bank, already put under sanctions.
It also identified six companies owned by the Libyan government as being subject to sanctions. They are General Company for Chemical Industries, General National Maritime Transport Company, Ghana Libya Arab Holding Company and its subsidiary Glahco Hotels And Tourism Development Company Limited (Golden Tulip Accra), Libyan Norwegian Fertilizer Company and Pak-Libya Holding Company.
“The Treasury Department is carefully monitoring Libyan-associated entities worldwide to ensure that they are not attempting to evade sanctions and assist the Gaddafi regime,” said OFAC director Adam Szubin.
“We will remain vigilant in our efforts to isolate the Gaddafi regime from the international financial system,” he said.
The US started to slap sanctions on Libyan government officials and entities in February, and froze some $34 billion of Libyan government assets.
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- US slaps sanctions on 14 Libyan oil companies - Mar 23, 2011
- UN Security Council eases Libya sanctions - Sep 17, 2011
- US lifts most sanctions against Libya - Dec 17, 2011
- Libyan rebels seek financial help from Spain - Jul 22, 2011
- Gaddafi controlled companies still operating in UK despite sanctions - Apr 17, 2011
- Russia supports use of Gaddafi's assets as humanitarian aid - May 14, 2011
- Britain expels Gaddafi diplomats - Jul 27, 2011
- Italy may freeze 3.6 bn euros of Libyan assets - Mar 02, 2011
- Japan freezes $4.4 bn worth of Gaddafi regime assets - Jun 04, 2011
- Britain foils plan to export 1 bn pounds in Libyan banknotes - Feb 28, 2011
- UK freezes Libyan security chiefs' assets to pressurise Gaddafi to step down - Mar 04, 2011
- European Union further extends sanctions against Libya - Aug 10, 2011
- Libya ranks among world's largest sovereign wealth funds - Mar 03, 2011
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