Weaponising the banking system and oil fields ‘would vastly complicate efforts to reach a political settlement to the Libyan conflict’
A fighter loyal to Libyan internationally recognised government fires a 105 mm cannon at forces loyal to Khalifa Haftar outside Tripoli.
In response, the internationally-recognised government in Tripoli is limiting Haftar’s access to hard currency., the International Crisis Group warns that the dangerous game of tanks and banks fuels the deadly conflict in the country. Also, it aimed to weaken Haftar’s militias, as although his main foreign backers - Egypt, Saudi Arabia and the United Arab Emirates - have provided heavy equipment, they have been reluctant to provide cash.
On the other hand, the eastern government in return may use the most effective weapon it has: its oil. Forces could decide to shut down much of the country’s oil fields and export terminals, which are mostly controlled by them.
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