United States Backs UN Efforts to Resolve Libyan Central Bank Crisis
The United States has thrown its support behind UN attempts to resolve the dispute between Libya’s rival administrations regarding the management of the central bank while ensuring the continuation of crucial oil revenue. This move comes in response to the eastern administration’s decision to halt operations at oil fields and export terminals under its control.
Amidst escalating tensions between Libya’s conflicting governments, the UN Support Mission in Libya has initiated emergency meetings to address the crisis and urged the lifting of force majeure on oil fields. The country, divided between the Tripoli-based government and the eastern-backed administration, faces challenges in reconciling control over oil resources managed by the central bank.
‘Threats and Arbitrary Arrests’
The recent events involving the siege of the central bank headquarters and the suspension of operations highlight the ongoing power struggles within Libya. As the situation unfolds, the international community, including the US, is closely monitoring developments to ensure stability and uphold the rule of law.
With efforts to restore normalcy underway, there is hope for a swift resolution to the crisis and a return to economic stability for the war-torn nation.