Tuesday, May 13, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

US Ambassador Norland Discusses Unfreezing Libya’s Frozen Funds

August 6, 2021
Share on FacebookShare on Twitter

The United States Special Envoy and Ambassador to Libya, Richard Norland, said that the situation in Libya is improving, and on its way to a permanent solution. He confirmed the start of talks on unfreezing Libyan funds abroad.

In press statements to Akhbar Libya 24, Norland explained that the lack of respect for the arms embargo after the first Berlin Conference, and the period before was disappointing. He pointed out that he attended the meetings leading up to Berlin last year, where various national representatives pledged to respect the arms embargo approved by the Security Council, but a number of countries continued to ignore the ban.

Norland stressed that Libya’s problems and the interests of some other countries will not be resolved by military intervention. He expressed hope that the de-escalation process will now enable the arms embargo to be respected.

Discussing the frozen Libyan funds, Norland said, “the United Nations has frozen large sums of Libyan funds and the conflict should be resolved. He added that with the increase in stability, talks have now begun about the circumstances in which these assets can be released and the United Nations can put an end to this freeze of billions of dollars that could benefit the Libyan economy.”

In June, the Governor of the Central Bank of Tunisia, Marouane Abbasi said that Libyan frozen funds in Tunisia are estimated at between $140-150 million dollars.

Al-Abbasi added during a hearing before the Administrative Reform Committee of the Tunisian House of Representatives, work on resolving the problems of the frozen funds was discussed a decade ago. As well as the formation of a joint committee that brings together representatives of the customs office, and the central banks of Tunisia, and Libya.

He explained in press statements that the funds that have been frozen since 2011 represent the largest figure. This is in addition to funds reserved for Libyan citizens by customs due to their misunderstanding of customs laws, and exchange arrangements in Tunisia.

Tags: Frozen FundslibyaRichard norlandUS ambassador
Next Post

Renewed Militia Clashes in Western Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Armed Convoy from Al-Zawiya Enters Tripoli

Libyan MPs Warn Against Escalation in Tripoli & Call for Unified Government

Libyan Army & Turkey Discuss Stronger Bilateral Cooperation

Turkey Eyes New Energy Deals with Libya

Libya Discusses Military Cooperation With US Officials in Benghazi

6 Killed in Libyan Capital, Tripoli Amid Armed Militia Clashes

EDITOR PICKS

Ozon Company to Operate National Telecom Network in Libya

Egypt & Turkey Hold Talks to Support Stability in Libya

6 Killed in Libyan Capital, Tripoli Amid Armed Militia Clashes

Libyan Officials Discuss Anti-Corruption Reforms

US Confirms Commitment to Building Opportunities in Libya

Armed Convoy from Al-Zawiya Enters Tripoli

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR