The House of Representatives (HoR) has called on the international community to postpone the release of Libyan assets abroad until the formation of a unified government and the conducting of presidential and legislative elections.

The MPs demanded in a statement Tuesday, the relevant institutions and members of the Security Council and the United Nations mission to assume their responsibilities and reject the resolution to release the Libyan frozen assets.

"The unfreezing of Libyan assets aboard will expose them to misconduct and looting," the statement read.

The HoR claimed to have information that European countries are seeking with Libyan parties to submit a draft resolution to the Security Council regarding the release of Libyan assets aboard, describing it as a dangerous step.