Sunday, March 13, 2011

The EU needs to evaluate the effects of sanctions on Libya

.- The European Union needs to evaluate the effectiveness of sanctions on Libya before deciding further action, said Saturday the head of the bloc's foreign policy, Catherine Ashton. Ashton also said before an informal meeting of EU foreign ministers to travel from Budapest to Cairo to discuss Arab League on Libya.

When asked about whether the EU was seeking to impose more sanctions on Libya, including measures to vital sector of oil and gas, Ashton said: "As you know, we have taken action not only against people but against what we call entities" he said. "And with all the sanctions is really important that we continue to analyze how effective they are and if there is more we can do.

So I'm trying to move all the options to make sure we are thinking about all the possibilities," he said. European Union leaders agreed Friday to consider various options in an attempt to Libyan leader Moammar Gadhafi to resign, but avoided supporting air strikes, an air exclusion zone and other military measures.

A statement Gaddafi urged to resign immediately and European leaders said they were conducting a dialogue with the rebel movement. On Saturday, before the meeting of ministers in Budapest, the Hungarian Foreign Minister Janos Martonyi reiterated that the EU would consider military action if they fulfilled all the conditions listed in the statement Friday by the Council.

German Chancellor Angela Merkel said on Friday that the EU would consider imposing more sanctions on Libya, especially in the financial and economic area, to ensure that Gadhafi had no international support. The EU has already imposed sanctions on the Libyan Investment Authority, the country's central bank on three other financial institutions and over 27 people, including Gadhafi himself.

Britain said that only in this country have frozen 19 billion dollars in Libyan assets.

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