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BRUSSELS, Feb 25 (Reuters) – European Union governments reached consensus on Friday on imposing an arms embargo, asset freezes and a travel ban on Libya, but a formal decision will only be taken early next week, diplomats said.

After a meeting of ambassadors from the 27 member states, no objections were raised to the idea of imposing sanctions on Muammar Gaddafi and his crumbling government, but the legal language and other details have still to be finalised.

“We expect a formal decision to be made early next week, possibly Monday or Tuesday,” one EU diplomat said.

Another diplomat said the aim was to coordinate the move with the United States and the United Nations, where pressure is mounting for sanctions to be imposed via the Security Council.