Tag Archives | Frozen Assets

U.N. lifts Libya sanctions

Last Friday, the UN Security Council voted to remove sanctions it imposed against the Libyan Central Bank and against the Libyan Foreign Bank, a Central Bank-owned offshore institution, in support of the protests against Col. Muammar Gadhafi.  The value of frozen Libyan assets is estimated at $150 billion.  Previously only $18 billion had been released, of which […]

France Set to Release More of Libya's Frozen Assets

France is soon to release $300 million to Libya's new rulers in order to help them recover the rest of their frozen assets. The announcement was made by the French foreign minister Alain Juppe during a short visit to the Libyan capital, Tripoli on Wednesday. Almost two months after declaring Libya liberated from the dictatorial […]