EU lifts 28 sanctions on Libya
Source: Agencies |
September 3, 2011, Saturday
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Print Edition
Print Edition
THE European Union lifted sanctions on Libyan ports, oil firms and banks yesterday as foreign ministers met to discuss how to help the country's transition from four decades of Moammar Gadhafi's rule.
The EU's Official Journal listed 28 Libyan entities freed from restrictions, including the ports of Tripoli, Al Khoms, Brega, Ras Lanuf, Zawiya and Zuara.
Also listed were Libyan Arab Airlines and energy firms including the Ras Lanuf Oil and Gas Processing Co and the Sirte and Waha oil companies. Banks listed were the National Commercial Bank, Gumhouria Bank, Sahara Bank and First Gulf Libyan Bank.
The formal lifting of the sanctions came a day after world powers meeting in Paris freed up billions of dollars to help Libya's new rulers rebuild the nation.
European Union foreign ministers meeting in the Polish seaside resort of Sopot yesterday and today were discussing how to help to stabilise Libya after the conflict.
Polish Foreign Minister Radoslaw Sikorski said the United Nations would have a leading role in helping demilitarize Libya and ensure safety after the conflict ends, but Europe had shown it has capabilities in this area.
"The way the EU will assist Libya depends firstly on what the Libyan authorities want."
"We have a trust credit among the new authorities and we will want to use it to support peaceful transformation towards a democracy in Libya," he said. "Libya is potentially a wealthy country, key because of Europe's drive to diversify energy sources."
EU states have been discussing the possibility of helping Libya with security sector reform and in police training.
The transitional administration has called for help in reforming the judiciary and improving governance.
"Everybody agrees this has to be a United Nations-led involvement, which is not likely to be of any military nature. The Libyans have said no to both military observers and any peacekeeping mission," said Finnish Foreign Minister Erkki Tuomioja.
French Foreign Minister Alain Juppe said rescinding the sanctions showed the EU's determination to do whatever was necessary to support the interim authorities.
The EU's Official Journal listed 28 Libyan entities freed from restrictions, including the ports of Tripoli, Al Khoms, Brega, Ras Lanuf, Zawiya and Zuara.
Also listed were Libyan Arab Airlines and energy firms including the Ras Lanuf Oil and Gas Processing Co and the Sirte and Waha oil companies. Banks listed were the National Commercial Bank, Gumhouria Bank, Sahara Bank and First Gulf Libyan Bank.
The formal lifting of the sanctions came a day after world powers meeting in Paris freed up billions of dollars to help Libya's new rulers rebuild the nation.
European Union foreign ministers meeting in the Polish seaside resort of Sopot yesterday and today were discussing how to help to stabilise Libya after the conflict.
Polish Foreign Minister Radoslaw Sikorski said the United Nations would have a leading role in helping demilitarize Libya and ensure safety after the conflict ends, but Europe had shown it has capabilities in this area.
"The way the EU will assist Libya depends firstly on what the Libyan authorities want."
"We have a trust credit among the new authorities and we will want to use it to support peaceful transformation towards a democracy in Libya," he said. "Libya is potentially a wealthy country, key because of Europe's drive to diversify energy sources."
EU states have been discussing the possibility of helping Libya with security sector reform and in police training.
The transitional administration has called for help in reforming the judiciary and improving governance.
"Everybody agrees this has to be a United Nations-led involvement, which is not likely to be of any military nature. The Libyans have said no to both military observers and any peacekeeping mission," said Finnish Foreign Minister Erkki Tuomioja.
French Foreign Minister Alain Juppe said rescinding the sanctions showed the EU's determination to do whatever was necessary to support the interim authorities.
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