LIA welcomes UN's decision to review sanctions on Libyan frozen assets

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LIA welcomes UN's decision to review sanctions on Libyan frozen assets

February 16, 2020 - 10:07
Written by: SafaAlharathy

The Libyan Investment Authority (LIA) has welcomed the Security Council's agreement to consider amending the sanctions system for Libyan frozen assets, so as to contribute to enhancing their protection.

LIA issued a statement Friday saying that it will continue to implement its strategy for comprehensive transformation, governance, and administrative reform.

It pointed out that it does not demand the complete lifting of the freeze at the current time, but rather to introduce more flexibility to hedge against any decline in the performance of its assets under the freeze.