Libya would not be my first choice, if I was trying to escape politically motivated interventions from my DNS supplier.

No, but if you had a .com and .ly version of each domain/site then you could probably be reasonably confident that if one got seized the other would be ok (I'm assuming that the US and Libya are sufficiently far apart politically that they are unlikely to collaborate on this kind of thing).

Libya is so corrupt, they'll seize whatever domain your government (or competitor, nemesis, etc.) pays them to seize.