This memorandum briefly updates our September 22, 2011 summary of the easing of international economic sanctions by the United Nations, United States and European Union in support of the National Transitional Council of Libya.
In an effort to demonstrate international support for the Transitional National Council (TNC) in Libya, the United Nations, United States and European Union (EU) have taken steps to ease sweeping sanctions targeting the regime of Muammar Qadhafi, as well as agencies and instrumentalities of the former regime.
While primary sanctions focus remains on Libya and Iran, there have been some recent updates to sanctions targeting North Korea.
This memorandum briefly updates our March 3, 2011 summary of international economic sanctions directed at the Libyan regime of Colonel Muammar Qadhafi.
In rapid succession, the United States Government, United Nations Security Council, British Government, European Union and Government of Canada have adopted sanctions targeting Muammar Qadhafi, those closely associated with his regime, and by extension, the Government of Libya (GOL).
On September 3, 2010, the Government of Japan announced new sanctions against Iran to implement United Nations Security Council (UNSC) resolution 1929.
On June 9, 2010, the United Nations Security Council passed Resolution 1929 (UNSCR 1929) which expands existing sanctions on Iran.