No Result
View All Result
Friday, July 4, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Russia lifts embargo on arms sales to Libya

byMichel Cousins
April 14, 2015
Reading Time: 2 mins read
A A

Moscow, 8 May 2012: 

Russia has lifted an embargo on the supply of arms to . . .[restrict]Libya on the instructions of Russian Prime Minister Dimitri Medvedev.

The embargo was initially put in place in line with UN Security Council Resolution 1970, adopted on 26 February 2011, shortly after the outbreak of the revolution. Although the Security Council voted to lift the ban in a further resolution (No. 2009) on 16 September 2011, Russia chose to keep its own embargo in place.

Russia says it can now resume the sale of arms and related materials of all types to the Libyan government, provided they are solely for security or disarmament assistance. The sale of small arms, light weapons and other related materials temporarily exported to Libya for use by UN-authorised personnel is also permitted. However, in line with Resolution 2009, the UN Security Council must still be notified and approve any arms sales before they take place.

Under Qaddafi, Russia was the main provider of arms to the regime with sales accounting for 12 percent of Russia’s arms exports in 2010, at a value of $10 billion. Senior figures within Libya’s new military establishment have also said that around 80 per cent of Libyan officers sent overseas for training went to Russia under Qaddafi.

RELATED POSTS

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Come last year’s revolution, Russia was reluctant to abandon its old ally Qaddafi. Although Russia supported imposing the arms embargo, it abstained from UN Security Council Resolution 1973, which authorised the international military intervention that subsequently helped topple the Qaddafi regime.

Russia was subsequently vocal in its opposition to the NATO intervention in Libya, and has used this as a justification for obstructing UN Security Council action in Syria, which remains a major destination for Russian arms exports.

Russia has frequently claimed that the arms embargo on Libya cost it at least $4 billion in lost sales, but some experts believe that figure could be substantially higher.  [/restrict]

Related Posts

CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement
Business

All imports into Libya must be paid for through official bank transactions

July 2, 2025
World Bank holds off on Tunisian $50m power plant fund; implications for Libya
Business

Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

July 1, 2025
CBL receives results from meetings with international banks
Business

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

July 1, 2025
Harouge Oil reaches record 45,000 bpd production – to increase it by 25,000 bpd
Business

Harouge Oil Operations Company replaces Al-Ghani field pipeline

July 1, 2025
Next Post

Libya says 'Thank-You' to Sarkozy

Foreign Minister Khayal says 'Good-Bye' to US Ambassador Cretz

ADVERTISEMENT

Top Stories

  • CBL goes public at last about the counterfeit LD 50 notes – notes to be withdrawn until end of August

    CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on Attorney General to open investigation

    0 shares
    Share 0 Tweet 0
  • Libyan Italian Forum concludes with the signing of 98 MoUs

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • Three Libyan companies win awards in Athens International Olive Oil Competition ‎

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.