TRIPOLI : New Deadline Looms

Libya faces a threatened freeze of its overseas assets and other new economic sanctions if it fails to turn over by Friday two nationals charged in the December, 1988, bombing of a Pan Am flight over Scotland, which killed 270 people.

The U.N. Security Council has demanded that the pair be turned over to the United States or Britain for prosecution, but Libya claims that they would not receive a fair trial in either country. It has suggested trying them in a neutral country, such as Switzerland.

Libya has faced a U.N. air and arms embargo since April, 1992. The United States, Britain and France have pledged to seek stricter sanctions if the Friday deadline is not met.