UAE: Up $700m in Libya assets could be released

Author: 
REUTERS
Publication Date: 
Thu, 2011-08-25 02:35

“I am not sure of about the amount of assets, it is in the range of $500 million to $700 million. The only way to unfreeze those assets is through a Security Council resolution,” UAE Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan said.
“Definitely the UAE wants to see it as soon as possible and welcomes such a thought.”
The minister said the Arab League would discuss whether to grant Libya’s incoming government a seat at a meeting of foreign ministers in Cairo on Saturday.
He will travel to Benghazi next week.

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