New York – The Committee for the Verification of Frozen Libyan Funds Abroad, commissioned by the House of Representatives, held a series of meetings at the United Nations headquarters in New York over the past two days.
The committee met with representatives of the African Group in New York to discuss the file of frozen Libyan assets in accordance with Security Council resolutions, and to emphasize the importance of African support in following up on this file with the Council’s Sanctions Committee, and supporting Libyan initiatives to preserve, invest, and increase the value of the assets within the international freezing framework. The African Group expressed its full support for any initiatives that contribute to preserving and developing Libyan assets, affirming continuous coordination with the committee and Libya’s Permanent Mission to the United Nations.
The committee also held a meeting with the Permanent Representative of Greece to the United Nations, during which it provided a briefing on the latest developments related to the Libyan asset freeze regime and its negative consequences. It requested the Greek government’s support in developing mechanisms to monitor the frozen assets to ensure greater transparency and compliance with Security Council resolutions. The Greek Ambassador affirmed her full understanding and support for the Libyan position, noting that her country would work through its membership in the Security Council and the Sanctions Committee to support relevant Libyan initiatives.
The committee also met with members of the French Mission to the United Nations, where it discussed the legal aspects of implementing Security Council resolutions, particularly Resolution (2769), which allows the Libyan Investment Authority to invest the frozen funds within the framework of international resolutions. The French side expressed its support for the legitimate requests presented by the Libyan side and its readiness for direct communication with the Libyan Investment Authority to follow up on this important file.
These meetings come as part of the committee’s efforts to enhance international transparency and protect frozen Libyan assets, and to work on developing mechanisms for their legal investment in a manner that ensures the interests of the Libyan state and enhances the ability to invest them within the framework of international resolutions.