On 3 March 2011, Regulation 204/2011 (the 'Regulation')
concerning restrictive measures in view of the situation in Libya
entered into force in the EU on its publication in the Official
Journal.
As with the EU sanctions against Iran and the Ivory Coast,
Article 19 provides that the Regulation applies within the EU, to
all EU nationals (wherever located) and to any business done in
whole or in part within the EU.
The Regulation prohibits the sale, supply or transfer to any
person, entity or body in Libya or for use in Libya of equipment
which might be used for internal repression. The list of these
items is set out at Annex 1 to the Regulation and includes items
ranging from firearms, specialised vehicles, explosive substances
and also the production equipment specially designed for items on
the restricted list. These restrictions are extended to technical
assistance, brokering services and financial assistance related to
the provision of goods on the Common