The Libyan Investment Authority (LIA) has affirmed its rejection of the Belgian government request to the UN Sanctions Committee aimed at lifting the freeze to deduct part of Libya's frozen bank assets in Belgium.
In a statement, the LIA confirmed that it had no contractual relations with the Belgian GSDT, owned by the Belgian Prince Laurent Foundation, which submitted the request.
The LIA insisted that it enjoys full autonomy status with the legal and financial capacity, and therefore it is not responsible for any claims against the Libyan government.
"There are no valid legal reasons for the Belgian government to settle its debts from other Libyan bodies by seizing funds belonging to the LIA or its subsidiary companies," the LIA said.
The LIA called for an urgent decision to reject the Belgian request while demanding that all necessary steps be taken to prevent the release of any funds held by the institution or its subsidiaries in Belgian banks.
Meanwhile, the Libyan ambassador to the UN, Taher Al-Sunni, has warned the Belgium government of any attempts to "lay hands" on Libya's frozen bank assets in Belgium, estimated at 49 million euros.
"At a time when the Libyans are seeking to reunite and arrange for a new stage, Belgium is trying to exploit the circumstance by addressing the sanctions committee to seize 49 million euros of Libya's frozen funds," al-Sunni tweeted, stressing that Libya will not allow such thing to happen.