Treasury Sanctions International Network Smuggling Oil from Libya to Europe

Treasury Sanctions International Network Smuggling Oil from Libya to Europe

Actions Demonstrate U.S. Commitment to Disrupt Illicit and Destabilizing Activities in Libya


WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned six individuals, 24 entities, and seven vessels pursuant to Executive Order (E.O.) 13726 for threatening the peace, security, or stability of Libya through the illicit production, refining, brokering, sale, purchase, or export of Libyan oil or for being owned or controlled by designated persons.  Oil smuggling undermines Libya’s sovereignty, fuels the black market and contributes to further instability in the region while robbing the population of resources that are rightly theirs.  Illicit exploitation of Libyan oil is condemned by United Nations Security Council Resolutions (UNSCRs) 2146 (2014) as modified by 2362 (2017).  As a result of today’s actions, any property or interest in property of those designated by OFAC within U.S. jurisdiction is blocked.  Additionally, U.S. persons are generally prohibited from engaging in transactions with blocked persons, including entities owned or controlled by designated persons.

“Treasury is taking action to expose and end fuel smuggling and other illicit activities by those who are exploiting Libyan oil, petroleum products, and other natural resources for their own personal gain,” said Sigal Mandelker, Treasury Under Secretary for Terrorism and Financial Intelligence.  “We are disrupting this illicit and destabilizing activity by isolating the individuals, companies, and vessels engaged in oil smuggling from the global financial system.”

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