EU Updates Restrictive Measures on Libya to Implement UN Security Council Amendments

The EU Council adopted Decision (CFSP) 2026/1334, amending the existing restrictive measures concerning the situation in Libya. This update incorporates amendments mandated by United Nations Security Council (UNSC) Resolution 2819 (2026), which specifically updates listing criteria for travel restrictions and asset freezes. Additionally, the decision modifies the scope of measures affecting the Libyan Investment Authority and introduces specific provisions allowing competent national authorities to authorize the transfer of frozen assets between custodial banks to facilitate changes in global custodian roles, provided the assets remain frozen and their value is maintained.