LIBYA ‘OIL-FOR-APOLOGY’ ROW
Oct 10th, 2008 by admin
Libya says it has stopped delivering crude oil to Switzerland and is threatening to withdraw its assets from Swiss banks. Libya was furious when Hannibal Gaddafi, the youngest son of the county’s leader, Muammar Gaddafi was arrested for assault in July. This sparked a series of diplomatic recriminations which included Libya recalling diplomats from Switzerland, suspending the issuing of visas for Swiss citizens and reducing the number of flights to Switzerland. Libya supplies approximately 20 per cent of Switzerland’s annual oil demand. However Switzerland says it can obtain oil elswhere.