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Obama bans transactions with Libyan government and its controlled entities

  • Venable LLP
  • -
  • Global, Libya, USA
  • -
  • March 2 2011

The noose on conducting commercial transactions with Libya is tightening as a result of actions taken by President Obama this past Friday, February 25, followed soon thereafter by similar actions taken by the United Nations ("U.N.") and the European Union ("E.U."