Libya Sanctions Committee of the United Nations convened a closed meeting in New York with a delegation from the Libyan Investment Authority, to follow up the file of frozen funds.

"The Chairman of the LIA Board of Directors, Ali Mahmoud, briefed the committee on the LIA strategy to address the negative effects of the sanctions imposed on its frozen assets," the LIA media office stated.

The meeting was chaired by the UN Libya Sanction Committee head, Ambassador Jürgen Schulz along with the German ambassador to the United Nations.