LIA delegation urges amendments to UN resolution on frozen funds
The Libyan Investment Authority (LIA) has called for amending a UN Security Council resolution related to the sanctions imposed on the Libyan assets abroad, a statement by the LIA said on Friday.
The LIA delegation headed by its Chairman Ali Mahmoud met with members of the sanctions committee at the UN Security Council, on Thursday, in the presence of Libya's permanent representative to the United Nations, Taher Al-Sunni.
LIA head, Ali Mahmoud, briefed the committee on the completed aspects of the LIA's approved strategic plan and called for addressing some of the negative effects of the sanctions regime to preserve Libyan assets, by amending paragraphs contained in the UN Security Council resolution.
A statement by the Permanent Mission of Libya to the UN said the Libyan delegation highlighted during the meeting "the attempts led by specific states to blackmail the Libyans and seize their resources."
For his part, Libya's delegate to the United Nations said many reports confirmed that Libyan assets are suffering huge losses, indicating that some countries took advantage of the situation in Libya, and put their hands on these funds.