#32026R1332EU Updates Libya Sanctions Rules
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This regulation updates the EU’s Libya sanctions framework to match recent UN Security Council changes. It adds the latest UN resolution to the list of grounds for designating people, companies, and bodies subject to asset freezes and related restrictions. It also changes how frozen cash reserves of the Libyan Investment Authority may be used. EU Member State authorities may allow those reserves to be placed only in approved low-risk investments after the required UN sanctions process is followed, including consultation with Libya’s government.
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Key Changes
- Adds UN Security Council Resolution 2819 (2026) to the EU Libya sanctions designation criteria
- Updates the rules for using frozen cash reserves linked to the Libyan Investment Authority
- Allows Member State authorities to approve only specific low-risk investments after UN sanctions approval
Obligations
What this law requires
Member State competent authorities may authorise the use of frozen cash reserves of the Libyan Investment Authority only after the Member State has notified the UN Sanctions Committee and the Committee has approved the use in accordance with paragraph 14 of UNSCR 2769 (2025), including consultation with the Government of Libya.
EU Member State competent authorities must limit any authorised placement of frozen Libyan Investment Authority cash reserves to approved low-risk investments after the required UN sanctions process has been completed.