UNSMIL Mediates to Resolve Libyan Central Bank Crisis Amid Oil Blockade

The United Nations Support Mission in Libya (UNSMIL) mediated in Tripoli to resolve a crisis at the central bank that has led to an oil production blockade and threatens Libya's economy. The crisis began when Western factions moved to oust the central bank governor, prompting Eastern factions to shut down oil production. Talks ended with significant understanding, aiming to finalize an agreement. If unresolved, the crisis could freeze state salaries and international trade.

The United Nations Support Mission in Libya (UNSMIL) held talks in Tripoli on Monday to resolve a crisis involving the central bank that has led to a blockade of the country's oil production.

This standoff began when Western factions ousted veteran governor Sadiq al-Kabir, prompting Eastern factions to shut down oil production. UNSMIL's consultations concluded with significant understanding and an agreement draft, which is now under review.

If the crisis remains unresolved, it could disrupt state salaries and international trade, severely impacting Libya's economy.

(With inputs from agencies.)