The Finance Ministry has imposed sanctions against a number of individuals and companies
The United States imposed new sanctions against individuals and entities engaged in illicit oil trade in Libya.
This was stated on Monday by the Finance Ministry.
As reported in the statement of the office for foreign assets control of the Treasury, the sanctions imposed on six individuals, 24 companies and seven ships. Now American citizens are prohibited from doing business with them, and all assets under American jurisdiction be frozen.
In the sanctions list were from Libya, Malta and Egypt, and companies from Italy, Libya and Malta. The sanctions imposed in the framework of the presidential decree of Barack Obama from 2016.
The UN Security Council condemned the illegal oil trade oil in Libya where there is still a conflict situation since, as in 2011 ousted President Muammar Gaddafi, who ruled the country for over 40 years.
“Illegal oil trade undermines the sovereignty of Libya, feeds the black market and contributes to instability in the region, but also robs the population of resources that belong to him rightfully”, – reads the statement of the office for foreign assets control.
Oil production in Libya has stabilized, but remains far from the pre-war level of 1.6 million barrels per day and are subject to issues such as theft, kidnapping and other security threats.
Work in at least one of the fields is broken because of a conflict over wages the guards.