On Jan. 16, UN updated the sanctions regime concerning Libya.
UN security council updated sanctions regime on Libya, extended mandate until May 2026, adopting resolution 2769 (2025) with 14 members in favor and one abstaining.
Exempted some activities from arms embargo, allowed for investment of frozen assets.
Created sanctions designations for those in illicit trade in Libyan petroleum products.
Resolution 2769
Arms embargo shall not apply to technical assistance or training by member states to Libyan security forces intended solely to promote military institutions' reunification.
Embargo does not apply to military aircraft/naval vessels temporarily entering Libya’s territory solely to deliver items or support activities exempted from arms embargo.
Allow Libyan Investment Authority’s frozen cash reserves to be invested in low-risk time deposits with selected financial institutions according to specified conditions.
Some travel-ban and asset-freeze provisions in resolution 1970 (2011) apply to individuals/entities determined to have provided support for criminal networks via illicit exploitation or export of crude oil or refined petroleum in or from Libya.
Mandate Extended
Among other measures, the council decided to extend, until May 1, 2026, the authorizations and measures in resolution 2146 (2014), which relate to the inspection of vessels designated as attempting to illicitly export crude oil from Libya.
Council decided to extend, until May 15, 2026, mandate of relevant panel of experts.
Regulators
UN
Entity Types
B/D; Bank; Ins; Inv Co; MSB
Reference
PR SC/15967, 1/16/2025; RES 2769 (2025); Res 2146 (2014); Res 1970 (2011);
