Government assets and economic resources
Cases
4 country regimes, 10 episodesAl-Qaida / ISIL / Associates
1999 to 2001 | 2 episodesHaiti I
1993 to 1994 | 3 episodesLibya I
1993 to 2003 | 2 episodesLibya II
2011 to Present | 3 episodesSelected resolutions
Sample wording
(a) General
Decides that all States in which there are funds or other financial resources (including funds derived or generated from property) owned or controlled, directly or indirectly, by:
(a) the Government or public authorities of Libya, or
(b) any Libyan undertaking,
shall freeze such funds and financial resources and ensure that neither they nor any other funds and financial resources are made available, by their nationals or by any persons within their territory, directly or indirectly, to or for the benefit of the Government or public authorities of Libya or any Libyan undertaking, which for the purposes of this paragraph, means any commercial, industrial or public utility undertaking which is owned or controlled, directly or indirectly, by
(i) the Government or public authorities of Libya,
(ii) any entity, wherever located or organized, owned or controlled by (i), or
(iii) any person identified by States as acting on behalf of (i) or (ii) for the purposes of this resolution;
Decides that States in which there are funds, including any funds derived from property, (a) of the Government of Haiti or of the de facto authorities in Haiti, or (b) controlled directly or indirectly by such Government or authorities or by entities, wherever located or organized, owned or controlled by such Government or authorities, shall require all persons and entities within their own territories holding such funds to freeze them to ensure that they are not made available directly or indirectly to or for the benefit of the de facto authorities in Haiti;
(b) Specific, by designation
Decides that the asset freeze imposed by paragraph 17, 19, 20 and 21 of resolution 1970 (2011) shall apply to all funds, other financial assets and economic resources which are on their territories, which are owned or controlled, directly or indirectly, by the Libyan authorities, as designated by the Committee, or by individuals or entities acting on their behalf or at their direction, or by entities owned or controlled by them, as designated by the Committee, and decides further that all States shall ensure that any funds, financial assets or economic resources are prevented from being made available by their nationals or by any individuals or entities within their territories, to or for the benefit of the Libyan authorities, as designated by the Committee, or individuals or entities acting on their behalf or at their direction, or entities owned or controlled by them, as designated by the Committee, and directs the Committee to designate such Libyan authorities, individuals or entities within 30 days of the date of the adoption of this resolution and as appropriate thereafter;
...decides further that the individuals and entities listed in Annex II shall be subject to the asset freeze imposed in paragraphs 17, 19, 20 and 21 of resolution 1970 (2011);
Note:
Entities listed in Annex II of UNSCR 1973 (2011) consist of Central Bank of Libya, Libyan Investment Authority, Libyan Foreign Bank, Libyan Africa Investment Portfolio, and Libyan National Oil Corporation.
Exemptions
(a) Humanitarian needs
Decides that … the measures imposed by paragraph 17 of that resolution … do not apply to funds, other financial assets or economic resources of the Central Bank of Libya, the LAFB, the LIA and the LAIP …:
(a) … for one or more of the following purposes…:
(i) humanitarian needs;
(b) Civilian use of utilities
Decides that … the measures imposed by paragraph 17 of that resolution … do not apply to funds, other financial assets or economic resources of the Central Bank of Libya, the LAFB, the LIA and the LAIP …:
(a) … for one or more of the following purposes…:
(ii) fuel, electricity and water for strictly civilian uses;
(c) Hydrocarbons
Decides that … the measures imposed by paragraph 17 of that resolution … do not apply to funds, other financial assets or economic resources of the Central Bank of Libya, the LAFB, the LIA and the LAIP …:
(a) … for one or more of the following purposes…:
(iii) resuming Libyan production and sale of hydrocarbons;
Further decides that the measures imposed by paragraph 3 above do not apply to funds or other financial resources derived from the sale or supply of any petroleum or petroleum products, including natural gas and natural gas products, or agricultural products or commodities, originating in Libya and exported therefrom after the time specified in paragraph 2 above, provided that any such funds are paid into separate bank accounts exclusively for these funds;
(d) Civilian government and public infrastructure
Decides that … the measures imposed by paragraph 17 of that resolution … do not apply to funds, other financial assets or economic resources of the Central Bank of Libya, the LAFB, the LIA and the LAIP …:
(a) … for one or more of the following purposes…:
(iv) establishing, operating, or strengthening institutions of civilian government and civilian public infrastructure;
(e) Banking sector and international trade
Decides that … the measures imposed by paragraph 17 of that resolution … do not apply to funds, other financial assets or economic resources of the Central Bank of Libya, the LAFB, the LIA and the LAIP …:
(a) … for one or more of the following purposes…:
(v) facilitating the resumption of banking sector operations, including to support or facilitate international trade with Libya;
