EU agrees Libya arms embargo, asset freeze

maddezmom

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Fri Feb-25-11 11:24 AM
Original message

EU agrees Libya arms embargo, asset freeze

Source: AFP

European Union nations on Friday agreed to slap an arms embargo, assets freezes and travel bans on Libya, an EU diplomat said.

The sanctions against Libyan leader Muammar Gaddafi's regime, which will also include an embargo on providing Tripoli with law enforcement equipment, will not be enforced for several days.

Friday's accord between the 27 EU nations still needs to be drafted legally, said the diplomat, who asked not to be identified.

EU sources refused to say who or how many Libyans were targeted "to avoid a run on assets", as one diplomat put it.

Read more: http://news.ninemsn.com.au/world/8216710/eu-agrees-libya-arms-embargo-asset-freeze

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dipsydoodle

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Fri Feb-25-11 11:51 AM
Response to Original message

1. Wonder if that includes their US$150 billion soveriegn fund ?

which includes a substantial ownership in Fiat, a large amount of Italy's main fuel company and Juventus Football Club amongst others quite aside from huge property ownership in the City of London.

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naaman fletcher

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Fri Feb-25-11 11:57 AM
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2. These arms embargos are not always a good thing

Usually, only one side has the guns, so all an arms embargo does is guarantee the status quo for the people with guns. A good example is the former yugoslavia. The serbs had all the guns. Arms embargo is put in place, and the serbs go on to massacre unarmed muslims.

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