Oil embargo should be considered if Libya talks fail, Spain says

March 16, 2015 3:57 PM

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Oil embargo should be considered if Libya talks fail, Spain says

BRUSSELS (Reuters) - Spain said on Monday the European Union should consider an oil embargo and freezing of Libyan central bank assets if U.N.-brokered talks to resolve the country's political crisis failed.

EU foreign ministers agreed to draw up proposals for an EU mission to Libya if the talks produced a deal between two rival governments and armed factions battling for power and oil wealth four years after NATO helped oust Muammar Gaddafi.

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