US aims to release up to $1.5 billion Libya assets

Nuland said that the money would come from the roughly $30 billion in Libyan assets that the United States froze earlier this year, only about one-tenth of which, or $3 billion, is liquid.

US aims to release up to $1.5 billion Libya assets

The United States is seeking to release in the coming days between $1 billion and $1.5 billion in frozen Libyan assets to the Libyan rebels, U.S. State Department spokeswoman Victoria Nuland said on Tuesday.

Nuland said that the money would come from the roughly $30 billion in Libyan assets that the United States froze earlier this year, only about one-tenth of which, or $3 billion, is liquid.

The spokeswoman told reporters at her daily briefing that the United States was working in the U.N. sanctions committee to obtain its blessing to release the frozen assets and that it hoped "this process will be complete in the coming days."

The spokeswoman said the United States was confident that the money would be used properly. "We would not have taken this step if we didn't have confidence that the money would get to the people who need it," she said.

Reuters

Last Mod: 24 Ağustos 2011, 13:03
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