President Clinton extended for another year Friday a comprehensive financial and trade embargo against Libya in effect since 1986.

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"Under these sanctions, all trade with Libya is controlled by the Department of the Treasury, and all assets owned or controlled by the Libyan government in the United States or in possession of United States persons are frozen," a White House statement said.It said the United States believes even stronger U.N. Security Council sanctions should be enacted against Libya if it continues to defy the international community.

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