Congress expected to press efforts to update US sanctions policy

This year's presidential and congressional elections may slow down but are unlikely to stop growing efforts by policymakers to update US sanctions policy, especially as it applies to strategic oil producing countries.The aftermath of the Sept. 11, 2001, terrorist attacks on the US and the ongoing war on terror has led both the White House and US Congress to redefine who the US's allies and enemies are now. Libya is a good example of an oil-rich country that stands to richly benefit if Washington, DC, changes a nearly 2 decade trade freeze. Tripoli late last year took decisive steps to facilitate changes in US policy when it pledged to disclose and destroy weapons of mass destructi...

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