No Result
View All Result
Friday, October 17, 2025
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

Libya rejects attempts to seize some of its UN frozen assets

bySami Zaptia
January 25, 2021
Reading Time: 2 mins read
A A

By Sami Zaptia.

London, 25 January 2021:

Libya categorically rejects attempts by some countries to seize some of its frozen funds, the Tripoli based official state news agency LANA reported yesterday.

LANA reports that the objection was made by the representative of the internationally recognized Libyan government to the United Nations, Taher Al-Sunni, to the Chairman of the Security Council Committee on Libya and a Non-Permanent member of the Security Council, Indian Ambassador T Tirumurti.

RELATED POSTS

Belgian Courts lifts seizure on Libya’s € 14 bn LAFICO/LIA assets with Euroclear bank

LIA presents short-term investment plan for frozen assets – looking forward to UN Security Council’s approval

Sunni stressed that Libya will not allow this, whatever the arguments and the reasons, citing the example of recently circulating news claiming the attempt of some Belgian institutions to seize frozen Libyan assets.

The subject came during a recent meeting in New York, which focused on discussing and reviewing the latest political developments of the Libyan file and an evaluation of the work of the sanctions committee and the United Nations expert group.

Al-Sunni briefed the Indian ambassador on the violations of UN resolutions that occurred in recent years, and the need to establish the principle of transparency and accountability towards all those responsible for these violations committed against Libyans, whether they are individuals or countries.

The meeting touched on the subject of the frozen Libyan assets and funds, and the importance of taking effective and quick steps to allow the Libyan Investment Authority (LIA) to manage them to avoid large material losses that occurred over the past years. This, at a time when some countries and financial institutions are trying to maintain the status quo and benefit from it, LANA reported.

In turn, Ambassador Tirumurti affirmed his understanding of Libya’s position in this regard and his assertion that, according to UN decisions, no country has the right to dispose of frozen funds without referring to the Sanctions Committee and the Libyan government.

Tags: featuredfrozen assets funds abroadTaher Sunni Libya UN AmbassadorUN sanctions committeeUNSC LIA sanctions

Related Posts

LTT and GIA sign cooperation agreement on electronic connectivity
Libya

General Information Authority organizes workshop to prepare a national strategy for artificial intelligence in cooperation with ESCWA

October 16, 2025
US conducts 57 anti IS airstrikes in Sirte
Libya

AFRICOM Deputy Commander visits Libya, announces Libyan participation in ”Exercise Flintlock 2026”

October 16, 2025
‘‘U.S. experts’’ visit Sirte’s single pivot agricultural irrigation circles – 87 irrigation circles will be restarted in 2025
Libya

National Development Authority signs contract to develop Sirte’s Mahari Hotel and the Guest Palaces area in line with Libya’s 2030 Vision

October 13, 2025
Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter
Libya

Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

October 13, 2025
No saviour for Libya except through constitutional based elections to end transitional periods: Grand Mufti
Libya

Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit

October 12, 2025
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Two detained in Aman bank Ajdabiya branch for LD 1.063 million fraud to trade in foreign currency

October 10, 2025
Next Post
PFG blockade oil exports: labour dispute or political obstruction?

PFG blockade oil exports: labour dispute or political obstruction?

Ship transporting unhealthy livestock forced to leave Tripoli port back to Spain

Ship transporting unhealthy livestock forced to leave Tripoli port back to Spain

libyaherald-Ads

Top Stories

  • Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    0 shares
    Share 0 Tweet 0
  • Emirates Airlines security delegation visits Tripoli to begin Mitiga Airport inspection tour

    0 shares
    Share 0 Tweet 0
  • After its withdrawal from circulation of certain banknotes, CBL reveals that currency printed unofficially in Russia totalled to 6.5 billion dinars

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation discusses prospects for technical cooperation with America’s Halliburton

    0 shares
    Share 0 Tweet 0
  • Economic Conference on Diversifying Sources of Income 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

CBL signs cooperation agreement with World Bank within Reserves Advisory and Management Programme (RAMP)

“Enhancing the Interaction between Finance and Entrepreneurship” workshop held in Misrata

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.