Netherlands allowed to release Libyan assets

9th September 2011, Comments 0 comments

The United Nations sanctions committee has granted the Netherlands permission to transfer 1.4 billion euros in frozen Libyan assets to the National Transitional Council

The foreign ministry says that the money, which is Dutch bank accounts, belongs to the Libyan central bank and will be used to buy food, medicines, education and for the payment of salaries. On 1 September Prime Minister Mark Rutte announced his intention to release the funds, just ahead of a special Libya summit in Paris he attended.

In March the Netherlands froze a total of about 2.9 billion euros in Libyan assets. In mid August, the cabinet released 100 million euros to the World Health Organisation for the distribution of medicines.


© Radio Netherlands Worldwide

© Radio Netherlands Worldwide

0 Comments To This Article