Medvedev bans Qaddafi from Russia

Author: 
Reuters
Publication Date: 
Mon, 2011-03-14 14:02

The Kremlin chief added Qaddafi and his family to a list of banned people from Russia in a decree signed on March 10.
Qaddafi on Sunday urged Russia, China and India to invest in Libya’s oil sector, state television said.
It said Qaddafi had made the appeal during talks with the ambassadors of the three countries.
“In the discussions with the ambassadors ... a call was made for the companies of those countries to invest in the Libyan oil industry,” it said.
Libya’s oil exports have been heavily disrupted by fighting, lack of staff, international sanctions and refusal of international banks to fund deals in the wake of a bloody uprising.
Crude fell more than $1 a barrel after Qaddafi’s forces regained control of some territory over the weekend
Some industry players and analysts estimate it may take a year for operations in the OPEC member, which before the unrest produced 1.6 million barrels per day, to return to normal. Major foreign players operating in Libya include Italy’s ENI, US companies ConocoPhillips and ExxonMobil, Anglo-Dutch oil major Shell and Spain’s Repsol.
Russia has strictly opposed military invention in Libya, and has warned world powers against meddling in the affairs of the north African country.
The Kremlin has not ruled out a no-fly zone, which Britain and France have been pushing, saying that any such moves must be made after seeking cooperation from the UN Security Council, where Russia holds a veto-yielding power.
Moscow could use its clout, siding with fellow permanent UN Security Council member China, to temper Western policy and influence global actions, as it has done with Iran in an eight-year-long stand-off over its disputed nuclear activity.

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