On March 21, 2011, the EU Council of Ministers adopted another implementing decision and an implementing regulation concerning the EU’s existing Libyan sanctions. These measures further extend the scope of the EU’s asset freeze to the funds and economic resources of several government bodies and government-owned companies. Further measures are expected in the next few days to freeze the assets of the Libyan National Oil Corporation in accordance with UN Security Council Resolution 1973 of March 17, 2011.
On the same day, the Council adopted a decision and a regulation imposing an asset freeze on the funds and economic resources of certain Egyptian individuals, including former president Muhammed Mubarak and two of his sons.
