The Committee for the Verification of Frozen Libyan Funds Abroad, headed by the chairman of the House of Representatives’ Foreign Affairs Committee, has called on the UN Security Council Sanctions Committee to expedite the implementation of Resolution No. 2769 for the year 2025, which allows Libyan institutions to invest and manage frozen assets, in addition to conducting a comprehensive financial review of all Libyan funds abroad.
This came in a statement following a series of high-level meetings held by the committee at the United Nations headquarters in New York with the Sanctions Committee and the Security Council’s Panel of Experts. The committee affirmed that implementing the resolution is a legal and ethical obligation to ensure the rights of the Libyan people and protect their sovereign assets.
The committee expressed its concern about the continuous delay in the implementation of the resolution by some international banking institutions, which has resulted in accumulated financial losses, calling on the Security Council to issue clear directives to all member states and financial institutions to apply the resolution without further delay.