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Libya's Factions Make Progress in Central Bank Crisis Talks, Says UN Libya Mission

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights
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Libya's Factions Make Progress in Central Bank Crisis Talks, Says UN Libya Mission

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. REUTERS/Aymen Sahli/File Photo Purchase Licensing Rights

Libya's rival factions made progress on talks over the central bank crisis and will continue discussions on Thursday to reach a final agreement, the UN Libya mission said on Wednesday, in a bid to defuse a crisis that has slashed oil output and exports.

"The participants of the two (legislative) chambers made progress in agreeing on the general principles governing the interim period leading to the appointment of a new governor and board of directors for the Central Bank," the United Nations Libya mission (UNSMIL) said in a statement.

According to Reuters, the meeting hosted by UNSMIL featured representatives from the Benghazi-based House of Representatives, the High Council of State and the Presidential Council, which are both based in Tripoli.

The standoff began last month when western Libyan factions moved to oust a veteran central bank governor, prompting eastern factions to declare a shutdown to all oil output.

Although Libya's two legislative bodies said last week they agreed to jointly appoint a central bank governor within 30 days, the situation remains fluid and uncertain.

Libyan oil exports fell around 81% last week, Kpler data showed on Wednesday, as the National Oil Corporation cancelled cargoes amid a crisis over control of Libya's central bank and oil revenue.

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Italy’s Foreign Minister Heads to Syria to Encourage Post-Assad Transition

Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)
Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)
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Italy’s Foreign Minister Heads to Syria to Encourage Post-Assad Transition

Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)
Italian Foreign Minister Antonio Tajani speaks to the media a he arrives for a meeting at Rome’s Villa Madama, Thursday, Jan. 9, 2025 on the situation in Syria after the collapse of the Assad regime. (AP Photo/Andrew Medichini (Andrew Medichini/AP POOL)

Italian Foreign Minister Antonio Tajani said he would travel to Syria on Friday to encourage the country's transition following the ouster of President Bashar Assad by insurgents, and appealed on Europe to review its sanctions on Damascus now that the political situation has changed.
Tajani presided over a meeting in Rome on Thursday of foreign ministry officials from five countries, Britain, France, Germany, Italy and the United States.
The aim, he said, is to coordinate the various post-Assad initiatives, with Italy prepared to make proposals on private investments in health care for the Syrian population.
Going into the meeting with US Secretary of State Antony Blinken and their European counterparts, Tajani said it was critical that all Syrians be recognized with equal rights. It was a reference to concerns about the rights of Christians and other minorities under Syria’s new de facto authorities of Hayat Tahrir al-Sham, or HT.
“The first messages from Damascus have been positive. That’s why I’m going there tomorrow, to encourage this new phase that will help stabilize the international situation,” Tajani said.
Speaking to reporters, he said the European Union should discuss possible changes to its sanctions on Syria. “It’s an issue that should be discussed because Assad isn’t there anymore, it’s a new situation, and I think that the encouraging signals that are arriving should be further encouraged,” he said.
Syria has been under deeply isolating sanctions by the US, the European Union and others for years as a result of Assad’s brutal response to what began as peaceful anti-government protests in 2011 and spiraled into civil war.
HTS led a lightning insurgency that ousted Assad on Dec. 8 and ended his family’s decades-long rule. From 2011 until Assad’s downfall, Syria’s uprising and civil war killed an estimated 500,000 people.
The US has gradually lifted some penalties since Assad departed Syria for protection in Russia. The Biden administration in December decided to drop a $10 million bounty it had offered for the capture of a Syrian opposition leader whose forces led the ouster of Assad last month.
Syria’s new leaders also have been urged to respect the rights of minorities and women. Many Syrian Christians, who made up 10% of the population before Syria’s civil war, either fled the country or supported Assad out of fear of insurgents.