International Sanctions Committee refuses to freeze assets of Libyan Investment Authority

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International Sanctions Committee refuses to freeze assets of Libyan Investment Authority

March 07, 2020 - 12:03
Written by: RabiaGolden

The Libyan Investment Authority (LIA) announced that the United Nations Sanctions Committee rejected to renew the freezing of assets belonging to companies affiliated with LIA.

LIA clarified in a statement that the United Nations Sanctions Committee refused to freeze its assets after efforts were made regarding the negative impact that would become if the decision was implemented.

In their 2019 report, the UN panel of experts on Libya recommended freezing the assets of companies affiliated with the Libyan Investment Authority.