Sanctions were initially imposed against Libya in March 2011 as a response to Colonel Gaddafi’s repression of rebel uprisings during the Arab Spring.
Following the downfall of the Gaddafi regime, these sanctions have mostly been lifted. However some asset freeze requirements remain in place; these freezes were implemented by UN Security Council Resolutions 1970 and 1973; in the US by Executive Order 13566 (among other measures), and in the EU by Council Regulation (EU) 204/2011as subsequently amended.
As stated above, these asset freezes have mostly been lifted, including the freezes imposed on the Central Bank of Libya and the Libyan Arab Foreign Bank, but a number of individuals and entities remain designated and a military equipment embargo remains in place.
- Arms embargo
- Asset freeze for designated entities