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Gadhafi to Contact Group: Libyan People Will Step on Your Decisions

Libyan leader Moammar Gadhafi on Friday said that the recognition by Western and regional powers of the rebel National Transitional Council was of no significance.

"Recognize the so-called National Transitional Council a million times: it means nothing to the Libyan people who will trample on your decisions," he said in a message to thousands of his supporters in Zliten, 150 kilometers east of Tripoli.

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U.S. Tightens Libya Sanctions, Targets Banks in Turkey, Tunisia, Lebanon

The U.S. government tightened sanctions against three Libya-controlled banks in Turkey, Tunisia and Lebanon on Tuesday, ratcheting up the pressure on leader Moammer Gadhafi's support.

The U.S. Treasury Department said it had targeted three foreign Libyan-owned banks, identified six additional companies subject to sanctions, and lifted sanctions against a former Libyan oil minister who defected from the Gadhafi regime last month.

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Summit of World's Poorest Nations Opens in Istanbul

A five-day U.N. summit with 48 leaders of the world's Least Developed Countries (LDCs) began in Istanbul Monday to discuss a new 10-year aid plan to help lift nations out of poverty.

"Investing in the LDCs can provide the stimulus that will help to propel and sustain global economic recovery and stability," said Ban Ki-moon, the secretary general of the United Nations, in his opening remarks.

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Putin: Israeli Flotilla Raid Must Not Be Repeated, Iran Sanctions Ineffective

Israel's deadly raid on an aid flotilla for Gaza was a tragedy that demands detailed investigation and must not be repeated, Russian Prime Minister Vladimir Putin told Agence France Presse in an interview.

"What is especially tragic is that this act was carried out in neutral waters," the Russian prime minister said in a discussion late Monday in the Black Sea resort town of Sochi.

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