Some export controls against Libya remain

Most commercial sanctions by the United States against Libya have been terminated as a result of the coming into effect of a general licence issued by the US Department of Treasury Office of Foreign Assets Control (OFAC).

This allows for the resumption of most trade, investment, financial transactions, and student ties between the United States and Libya. As part of the terms of the general licence, it is no longer prohibited for US citizens and companies to engage in business with Corinthia Hotels, or any other of the businesses formerly considered to be Specially Designated Nationals (SDNs) of Libya.

Certain export controls and sanctions remain in place due to Libya's continued presence on the State Sponsors of Terrorism List, including restrictions on military and dual-use items. The United States has not lifted sanctions on aviation, nor has it released frozen Libyan assets.

The United States has underscored to Libya the importance of a complete renunciation of all ties to terrorism. The necessity of ending any tie to terrorist groups or activities would continue to be a central issue in US relations with Libya.