Tag Archives | UN

U.N. lifts Libya sanctions

Last Friday, the UN Security Council voted to remove sanctions it imposed against the Libyan Central Bank and against the Libyan Foreign Bank, a Central Bank-owned offshore institution, in support of the protests against Col. Muammar Gadhafi.  The value of frozen Libyan assets is estimated at $150 billion.  Previously only $18 billion had been released, of which […]