Companies falling under the remit of Libya's sovereign wealth fund the Libyan Investment Authority (LIA) are no longer subject to a freeze on their assets abroad Reuters reports, highlighting an informal easing of United Nations (UN) sanctions targeting the regime of late leader Muammar Gaddafi. During 2011 the UN Security Council opted to freeze around USD170 billion worth of Libyan assets, although USD100 million in cash was later released in December 2011 when the UN lifted sanctions applying to the country’s central bank.
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OVETEL UN panel ends LAP Green ‘asset freeze’
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