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Operational Media Update for 2 September 2011
NATO and Libya
3 September. Allied Joint Force Command NAPLES, SHAPE, NATO HQ
(more information: www.jfcnaples.nato.int)
NATO took control of all military operations for Libya under United Nations Security Council Resolutions 1970 & 1973 on 31 March 2011. The aim of Operation UNIFIED PROTECTOR is to protect civilians and civilian-populated areas under attack or threat of attack.
The mission consists of three elements: an arms embargo, a no-fly-zone and actions to protect civilians from attack or the threat of attack.
Over the past 24 hours, NATO has conducted the following activities associated with Operation UNIFIED PROTECTOR:
Since the beginning of the NATO operation (31 March 2011, 06.00GMT) a total of 21,322 sorties, including 7, 998 strike sorties*, have been conducted.
Sorties conducted 02 SEPTEMBER: 122
Strike sorties conducted 02 SEPTEMBER: 40
*Strike sorties are intended to identify and engage appropriate targets, but do not necessarily deploy munitions each time.
Key Hits 02 SEPTEMBER:
In the vicinity of Sirte: 1 Ammo Storage Facility, 11 Surface to Air Missile Canisters, 3 Tanks, 1 Training Area
In the vicinity of Bani Walid: 1 Military Vehicle Storage Facility
In the vicinity of Hun: 1 Command and Control node, 1 Military Vehicle
The LIA, Libya's largest store of oil savings, controls about US$64 billion (Dh235.06bn) of assets. [color=limegreen]It owns 3 per cent of Pearson, the publisher of the Financial Times, and 7.5 per cent of Juventus Football Club, according to regulatory disclosures in November. It also has 2.6 per cent of UniCredit, one of Italy's largest banks, and 2 per cent of Finmeccanica, an Italian conglomerate.
Any freeze on those assets could further restrain the regime from using financial muscle to quash the popular uprising.
Pearson said yesterday the LIA's 3.27 per cent holding was "effectively frozen", as its lawyers advised that the shares were subject to UN and UK sanctions. The company has told the LIA that it "will not register any transfer or pay any dividend in respect of the shares until further notice".
Other government institutions also boast big foreign holdings. [color=limegreen]The Libyan central bank owns an additional 4 per cent of UniCredit, plus almost 60 per cent of Bahrain's Arab Banking Corporation (ABC) and 14.45 per cent of Arab Insurance Group in Bahrain. ABC said on Monday it had not been affected by the global asset freezes. World divided on what Libyan assets to freeze .. Mar 2, 2011