#Awg #Paris 
The French intelligence website "Africa Intelligence" confirmed that the Libyan Investment Authority is planning to start unfreezing some Libyan assets that have been blocked since the February 2011 catastrophe, after obtaining the approval of the UN Sanctions Committee.

The French intelligence website explained that the institution is seeking to recover 15 billion euros with the European Belgian Bank "Euroclear" in #Belgium.

It pointed out that if an agreement is reached regarding these assets, the institution will be able to invest its frozen cash reserves only in "term accounts" and "low-risk" instruments or fixed-rate government bonds.

It added, "The interest earned on these investments will remain frozen, according to what the Sanctions Committee decided, as it indicated that these funds can only be reinvested in the same country in which they are currently being held."

 The French intelligence website indicated that the institution's attempt to move the billions held by the European Belgian Bank is part of the ongoing legal battle of the sovereign fund with Belgium since December 2023. The report stressed that political divisions since 2011 have greatly hindered the implementation of a unified approach to recover #Libya's frozen assets abroad.
#Awg #Paris