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3/22/11

EU Broadens Libyan Sanctions - by LAURENCE NORMAN

The European Union agreed upon a significant extension of its sanctions on Libya on Monday even while member states continued to express differences over military action in the North African country.
The EU also announced it was slapping an asset freeze on former Egyptian President Hosni Mubarak and 18 other officials of his regime.

Following a meeting of EU foreign ministers, the 27-nation bloc agreed to extend the asset freeze and travel ban on Libya to 11 extra people and nine more entities in Libya.Following a meeting of EU foreign ministers, the 27-nation bloc agreed to extend the asset freeze and travel ban on Libya to 11 extra people and nine more entities in Libya. The EU also announced it was imposing an asset freeze on "all funds and economic resources owned or controlled by persons identified as responsible for the misappropriation of Egyptian state funds."

Speaking at a press conference after the meeting, the EU's High Representative for foreign affairs, Catherine Ashton, said the EU stands behind the implementation of last week's United Nations Security Council resolution on Libya.

For more: EU Broadens Libyan Sanctions - WSJ.com

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