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Statement: New US Sanctions Aim to Block Libyan Oil Smuggling

The United States has issued a new round of sanctions targeting oil smugglers in Libya aimed at blocking exploitation of natural resources that is driving instability, the U.S. Treasury Department said Monday. In a statement, Treasury's Office of Foreign Assets Control (OFAC) said it was sanctioning six people, 24 companies and seven vessels in a move that prohibits Americans from engaging with those targeted and freezes any related property under U.S. jurisdictions. The sanctions...

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