Wednesday, March 2, 2011

European Union is studying the freezing of Libyan assets of entities

02/03/2011
Examines the European Union to freeze the assets of Libyan companies, linked to the Libyan leader Muammar Gaddafi, in addition to the sanctions that were decided Monday against members also said European diplomats told AFP Tuesday.
A European diplomat said, "We are currently examining the issue" at the European level. And supports many of the countries of these sanctions, such as Britain, France, Germany or Italy where there are many companies that contribute to the Libyans in its capital and another diplomat said on condition of anonymity.
"The Italians especially are afraid to give up the Libyans for their shares cheaply to get the money liquid."
In Britain, where the government on Sunday issued a decision to freeze the assets of the Libyan leader and his family "and those who work in his name or under his command," said Pearson Group, the world's first versions of the school and the publisher of the Financial Times newspaper, that the shares owned by Libya are also subject to this freeze.
And have the Libyan Investment Authority about 3.27% of the shares of the British group more than $ 300 million euros, according to "legal advice" obtained by Pearson, the contributions of this sovereign wealth fund is subject to sanctions.
The European Union decided Monday a series of sanctions including an arms embargo and a ban on sales of equipment that can be used in acts of repression and the freezing of assets and prevent the granting of visas to Gaddafi and 25 of his close associates. It is scheduled to release the sanctions Thursday in the Official Journal of the European Union.
And is expected to apply these new sanctions soon. But if it is likely that the 27 countries of the Agreement promptly upon in principle, prepare a list of targeted entities would take some time as one diplomats said.
He expressed the French Minister for European Affairs, Laurent Vukiaz Tuesday that he hopes that France supports the European initiative "really allows control of all financial circles, which could fuel the war in Libya."
The French minister said, "must be stopped through the tap to make sure first that the oil revenues do not go to Gaddafi, and secondly to work on, but unable to sell assets which allows him to buy an army of mercenaries."
Yesterday, display and German Foreign Minister Guido Vestrfeily "freeze any payments to Libya for a period of 60 days."

http://www.mustakbal.net/ArticleShow.aspx?ID=3505

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