Updated sanctions against Libya

This alert updates our 1 March alert describing new sanctions against Libya, reflecting recent developments with respect to expanded measures imposed by the European Union (EU) and additional general licenses and new designations issued by the U.S. Government. Specifically, on 11 March the EU has extended the asset freeze provisions of its sanctions regime to five Libyan entities, including the Libyan Investment Authority and the Central Bank of Libya, and one individual. This follows EU-wide freezing of assets "owned or controlled" by certain key persons associated with the Libyan regime only one week earlier.

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