US Presidential Executive Order - Libya sanctions
Late this past Friday, February 25, 2011, President Obama issued an Executive Order in response to the alleged extreme measures being taken against the people by the Government of Libya, by using weapons of war, mercenaries, and wanton violence against unarmed civilians. Due to the risk to the stability of Libya and the purported threat to the national security and foreign policy of the United States, President Obama declared a national emergency to deal with the current threat.
Specifically, the Order states that all property and interest in property in the United States or that may hereafter come within the possession or control of an individual in the United States from specific individuals within the Libyan Government are blocked and may not be transferred, paid, exported, withdrawn or otherwise dealt in. The Executive Order also blocks the transfer of property in the US which is owned by Muammar Qadhafi and the Qadhafi family, as well as any other persons determined to be responsible, complicit or to have assisted in the human rights abuses. Additionally, the Executive Order blocks all transfers of property and interest in the US in possession or control of the Government of Libya, its agencies, instrumentalities, controlled entities and the Central Bank of Libya.
Any transaction by a United States person within the United States that seeks to evade or avoid the prohibitions set forth in this Executive Order is strictly prohibited.
The United Nations has also imposed sanctions on Libyan authorities by issuing an arms embargo and freezing the assets of its leaders. The United Nations Security Council stated that the "widespread and systematic attacks currently taking place in the Libyan Arab Jamahiriya against the civilian population may amount to crimes against humanity."
A copy of the executive order can be found at the White House website -http://www.whitehouse.gov/sites/default/files/2011libya.eo_.rel_.pdf
You may also be interested in:
Members will have noted the decision by President Trump announced on May 8 to withdraw the USA from participation in the JCPOA (Joint Comprehensive Plan of Action) agreed between Iran, the EU, and the P5+1 (the five permanent members of the United Nations Security Council - China, France, Russia, United Kingdom, United States - plus Germany), and to re-impose US nuclear-related sanctions.
U.S. Cuban Policy Update
On June 16, 2017 President Trump issued a Presidential Memorandum on Strengthening the Policy of the United States Toward Cuba. In a speech on that date to Cuban-Americans in Miami, President Trump stated that he was immediately cancelling the Obama Administration's "one-sided deal with Cuba". The question is whether this new policy will impact international shipping.
On Monday 5 August, 2019, President Trump issued Executive Order 13884, effectively blocking the assets of the Government of Venezuela in the United States or in the possession and control of any United States person.