Some are trying to spin Lybia decision as sanction related

Washington Post:

"Libya's stunning decision yesterday to surrender its weapons of mass destruction followed two decades of international isolation and some of the world's most punishing economic sanctions. In the end, Libyan leader Col. Moammar Gaddafi was under so much pressure that he was forced to seek an end to the economic and political isolation threatening his government -- and his own survival, according to U.S. and British officials and outside experts.

...

However,

"Whether by coincidence or fear that Libya might be targeted, Gaddafi's envoys approached Britain on the eve of the Iraq war to discuss a deal, U.S. officials said.

" 'The invasion of Iraq sent a strong message to governments around the world that if the United States feels threatened by weapons of mass destruction, we are prepared to act against regimes not prepared to change their behavior,' said a senior State Department official who requested anonymity.

...

"Despite Libya's long history of prevarication and procrastination, Tripoli has provided so much access to facilities and so much specific data on its programs that Bush and Blair agreed they had confidence that Gaddafi was sincere."

What is clear is that Lybia came to believe that having weapons of mass destruction made them less safe and more likely to be attacked. Iran and North Korea would benefit from such an understanding.

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