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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."
In light of the recent events in Libya, the UN Security Council and various governments including the United States, the European Union (EU) and the United Kingdom have imposed new sanctions
On the evening of February 25, 2011, President Obama issued an Executive Order requiring U.S. persons (e.g., U.S. banks, companies and individual citizens) to block the assets of Muammar Qadhafi and four of his family members
