Home > LIBYA > Scandal in UN over Gaddafi assets – VOR

Scandal in UN over Gaddafi assets – VOR

Thursday, August 25, 2011

Laaska News  August 25,2011

 UNSC. Photo: RIA Novosti   

 A diplomatic scandal has erupted in the United Nations after the United States proposed a resolution to unfreeze $1.5 billion of Muammar Gaddafi’s assets and transfer the money to the Libyan rebels.

The assets were frozen as part of the sanctions against the Gaddafi regime. Washington insists that the money is urgently needed to bring humanitarian aid to Libya.

South Africa raised objections, saying the move requires the approval of the African Union, which has not recognized the legitimacy of the rebel National Transitional Council. The AU is to hold an emergency session on Thursday.


U.S. addresses UNSC to unfreeze Libya assets

UNSC. Photo: RIA Novosti   

U.S. government officials have submitted a draft resolution to the UNSC on unfreezing Muammar Gaddafi`s assets, a portion worth $1.5 billion, and give this money to rebel forces in Libya.

 It was stressed, however, that the money will be spent on humanitarian purposes, not weapons.

Earlier the Libyan Transitional National Council said it urgently needed $5 billion to restore the country’s economy ruined by civil clashes and NATO bombing.

Meanwhile, it is unclear where Gaddafi is hiding after his compound in Tripoli was damaged by rebel forces earlier this week.


Laaska News.