No Result
View All Result
Tuesday, April 14, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

PC rejects British possible use of frozen Libyan assets for IRA compensation

bySami Zaptia
June 12, 2018
Reading Time: 2 mins read
A A
PC rejects British possible use of frozen Libyan assets for IRA compensation

Britain's ambassador to Libya refuted claims that the British government wants to pay compensation to IRA victims from Libya's UN-Frozen assets held in the UK(Collage by LH).

By Sami Zaptia.

The Libyan Presidency Council led by Faiez Serraj rejects attempts by Britain to pay compensation to IRA victims from its UN-Frozen assets (Collage by LH).
The Libyan Presidency Council led by Faiez Serraj rejects attempts by Britain to pay compensation to Qaddafi-era IRA victims from its UN-frozen assets (Collage by LH).

London, 12 June 2018:

The Faiez Serraj Presidency Council/Government of National Accord (PC/GNA) has strongly rejected the plan by the British House of Commons to pass a law enabling it to use frozen Libyan assets in Britain to compensate Irish Republican Army (IRA) victims.

The IRA had been engaged in a conflict with the British authorities in Northern Ireland from the late 1960’s and 1998 and it was supplied with weapons by the Qaddafi regime.

In a statement released yesterday, the PC stated that decision to freeze Libya’s assets was an international decision taken under Chapter 7 of the UN Charter, which obliges all states, including the UK, to observe it.

RELATED POSTS

Libya needs unified institutions to restore economic vitality through UNSMIL’s efforts: Trumps Advisor Boulos

Security Council affirms role of UN in Libya and Tetteh’s road map – calls for Libyans to demonstrate political will, refrain from unilateral action, and unification of institutions and budget

The PC said that it considered this a dangerous step which is contrary to international law and a transgression of Libya’s sovereignty. It also considered it a precedent that other states may use to access assets of other states in the future.

The PC pointed out that it considered that the matter of the IRA and the previous Qaddafi regime had been dealt with in the past and that the Libyan government had cooperated with Britain to end this matter and that the two states had commenced normalized relations after having been cut off for years. It was on the basis that the matter had been dealt with that Libya had carried out numerous large investments in Britain.

The PC assured that this intended action does not serve Libyan-British relations which it hoped to extend and develop, but that rather this action would negatively affect relations.

The PC called on the UN Security Council and its Sanctions Committee to honour their obligation to protect Libya’s assets abroad. The UN Security Council Resolution 1973 of 8 March 2011 imposed sanctions on the previous Qaddafi regime after it had been accused of suppressing its civilians. The sanctions included the freezing of Libya’s assets. The PC said that it had meanwhile continued to respect this decision which has continued to be in place until now, even though Libyan citizens have suffered greatly due to poor humanitarian and economic conditions.

The PC said that the international community is well aware of these conditions since 2011 when Libya was left to face the post 2011 crisis on its own.

The PC concluded in its statement by assuring that it would resort to all legal and diplomatic means to oppose this decision.

It will be recalled that the Northern Ireland Conflict was a low level-war which had begun in the late 1960s and ended with the Good Friday Agreement in 1998. The conflict took place mainly in Northern Ireland, but also spilled over into parts of the Republic of Ireland, England and Europe.

A key issue in the conflict was the status of Northern Ireland with the Unionist / loyalist faction, which was mostly Protestant, wanting Northern Ireland to remain as part of the United Kingdom, while the Irish nationalists / republicans, who were mostly Catholics, wanting Northern Ireland to leave the United Kingdom and join the Irish Republic to form a united Ireland.

Tags: Britainbritishcompensationfeaturedfrozen assetsHouse of CommonsIRAQaddafiUN sanctionsUN Security Council

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Former Director of NOC International Marketing Department sentenced to 10 years imprisonment and fined US$ 1.8 billion for fraud

April 14, 2026
CBL receives results from meetings with international banks
Libya

Breakthrough expected in LD-dollar FX market: Central Bank launches comprehensive cash sales plan and distributes US$ 1 billion to banks

April 14, 2026
Ahead of the questioning session, Aldabaiba says parliament has been a failure
Libya

Tripoli Prime Minister Aldabaiba welcomes the signing of the Unified Public Spending Agreement

April 13, 2026
Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
Libya

Misrata Free Zone Port Customs Centre thwarts attempt to smuggle 4.5 million tablets of highly dangerous narcotics

April 13, 2026
Libya’s Western and Eastern administrations agree a unified budget
Business

Libya’s Western and Eastern administrations agree a unified budget

April 13, 2026
Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification
Libya

Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification

April 11, 2026
Next Post
UN fears human rights abuses will increase in Derna as LNA takes full control

UN fears human rights abuses will increase in Derna as LNA takes full control

Three LNA airstrikes on ''terrorist'' targets south of Sirte

Top Stories

  • Libya’s Western and Eastern administrations agree a unified budget

    Libya’s Western and Eastern administrations agree a unified budget

    0 shares
    Share 0 Tweet 0
  • Benina airport receives Dubai Civil Aviation Authority and Flydubai – in preparation of resumption of direct flights

    0 shares
    Share 0 Tweet 0
  • Austria’s Desert Greener explores localisation of its advanced water desalination technology with Municipality of Tripoli Centre

    0 shares
    Share 0 Tweet 0
  • Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification

    0 shares
    Share 0 Tweet 0
  • Military Intelligence Chiefs Conference for the Sahel and Mediterranean countries 2026 held in Tripoli

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Former Director of NOC International Marketing Department sentenced to 10 years imprisonment and fined US$ 1.8 billion for fraud

Benina airport receives Dubai Civil Aviation Authority and Flydubai – in preparation of resumption of direct flights

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.