Friday, February 24, 2012

Obama keeps Libya sanctions in place for another year

US President Barack Obama

Source: Press TV

US President Barack Obama has told Congress that the sanctions his administration imposed on Libya last year will be extended for another year, White House officials said.

Obama informed Congress on Thursday that the national emergency order allowing sanctions against Libya will continue, noting that Washington was concerned by ongoing threats posed to US interests by the family of Libya's slain dictator Muammar Gaddafi.

“The situation in Libya continues to pose an unusual and extraordinary threat to the national security and foreign policy of the United States,” Obama said in a letter to congressional leaders.

“We need to protect against this threat and the diversion of assets or other abuse by certain members of Gaddafi’s family and other former regime officials," he said.

"Therefore, I have determined that it is necessary to continue the national emergency with respect to Libya," he wrote.

Obama declared the national emergency over Libya on February 25, 2011, citing threats to US national security and foreign policy posed by Gaddafi and his government in their "extreme measures" against the people of Libya.

National emergency regulations authorize the US president to impose sanctions on foreign countries.

Sanctions imposed on overseas Libyan assets by the United Nations, the United States, and other nations have unwound slowly since Gaddafi’s death last year. However, releasing the assets is both politically and legally complicated, because the frozen funds include investments and property owned by private individuals.

No comments:

Post a Comment

Thanks for commenting on this post. Please consider sharing it on Facebook or Twitter for a wider discussion.

Russia Today (Live)

World News 2017

South Front Military Review 2017

Syria - News 2017

US News 2017

The Russian Perspective

Debate – Global Issues 2017

Current Affairs - Important Interviews – 2017

Important Information 2016 - 2017

Yemen News 2017

Turkey News 2017

Ukraine News 2016 - 2017

Palestine & Israeli Crime 2017

Iraq News 2017

Iran News 2016 - 2017

Important Documentaries

Viewpoint, Discussion & Opinion - 2017

Abby Martin – Empire Files

Global Economic News 2017

Egypt News 2016 - 2017

Libya News 2016 - 2017

Bahrain News 2016 - 2017

Sheik Imran Hosein - Islamic Eschatology

George Galloway – Comment & Opinion

English FA Cup 2016 – 2017

New Age Weather

Space News

Music for the Revolutionary Mind

Global Revolution LIVE!

Watch live streaming video from globalrevolution at

Japan’s 3 Nuclear Meltdowns STILL ongoing (News Censored)