Prohibiting the satisfying of certain claims in relation to transactions that have been prohibited by the UN Security Council Resolution 883 (1993) and related resolutions
Prohibiting the satisfying of certain claims in relation to transactions that have been prohibited by the UN Security Council Resolution 883 (1993) and related resolutions is a sanctions program maintained by European Union Council (EU) targeting Libya.
Overview
On 31 March 1992, the UN Security Council decided on a selective embargo on trade with Libya. On 14 April 1992, the Council introduced legislation for the prevention of the supply of certain goods and services to Libya. As a consequence of the embargo against Libya, the Council of the EU saw the risk of the economic operators in the Union to be exposed to the risk of claims by Libya. On 29 November 1993, the Council of the EU introduced legislation in view of the need to protect operators permanently against such claims and to prevent Libya from obtaining compensation for the negative effects of the embargo. Adopted by: EU. No persons or entities are currently designated under this regime.
Targeted country
Legal bases
- Common Position concerning the lifting of restrictive measures against Libya
- Council Regulation prohibiting the satisfying of claims with regard to contracts and transactions the performance of which was affected by the United Nations Security Council Resolution 883 (1993) and related resolutions
- Resolution 883 (1993)
- Council Decision concerning restrictive measures in view of the situation in Libya
- Council Regulation concerning restrictive measures in view of the situation in Libya