Financial and Banking News
BUDGETS AND REVENUES
Libya Details Losses Resulting from Sanctions
The international embargo against Libya cost the country $4.62bn in the period from 15 April (when sanctions began) until the end of July, according to a report submitted to the United Nations by Libya's Foreign Minister, Mr. Ibrahim al-Bashari. The agriculture and livestock industries have been particularly hard hit because the air embargo prevents the import of fertilizers...