Libya's Foreign Ministry welcomes UN rejection of freezing Libyan Investment Authority's assets

Libya's Foreign Ministry welcomes UN rejection of freezing Libyan Investment Authority's assets

March 07, 2020 - 21:39
Posted in:
Written By: AbdulkaderAssad

The Libyan Foreign Ministry has welcomed the rejection of the UN Sanctions Committee of the team of experts' recommendations for freezing the assets of companies affiliated with the Libyan Investment Authority (LIA).

The Foreign Ministry said in a statement on Friday that the decision reflected the cooperation between state institutions and the LIA as well as the Libyan UN mission in New York, which set up the meetings for LIA delegations with the Sanctions Committee of the UN.

Meanwhile, the UN Sanctions Committee rejected the recommendations of its team of experts for freezing LIA's assets, while LIA said the rejection of the UN Sanctions Committee came after LIA's efforts to explain the negative effects of the decision if implemented.