The United Nations sanctions committee for Libya held a closed meeting on Thursday at the United Nations headquarters in New York to follow up on the frozen funds file.
The meeting, which was chaired by the Chairman of the Sanctions Committee and the Ambassador of India’s Mission to the United Nations, was attended by a delegation from the Libyan Investment Authority headed by Chairman and Executive Director Ali Mahmoud and the Libyan Mission to the United Nations, as well as representatives from member missions of the United Nations Sanctions Committee, which are the five permanent members in addition to Norway, Tunisia, Estonia, Kenya, Ireland, Mexico, Saint Vincent, Vietnam.
During the meeting, Mahmoud gave a briefing on the progress made by the committee in implementing the transformation strategy, in addition to discussing the issue of seizure of assets to which the institution is exposed by third parties in some countries, which completely contradicts the main purpose of Security Council resolutions No.1970-1973. 2009 to 2011.
The meeting witnessed the presentation of some proposals to address the negative effects of the sanctions regime on its assets, allowing the Corporation to manage its assets under freezing, in a manner that does not conflict with the sanctions regime and preserve it from erosion.
