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UN Sanctions Committee rejects freezing assets of Libyan Investment Authority

Libyan Investment Authority (LIA) announced that the UN Sanctions Committee had rejected the recommendation of its experts’ team that instructed for a renewal of freezing LIA’s assets.

In a statement on Friday, LIA said the rejection of the UN Sanctions Committee to the renewed freeze on its assets came after massive efforts exerted by the LIA personnel to outline the negative impact of such a procedure.

Meanwhile, the UN Sanctions Committee’s team of experts recommended in its 2019 report that the assets of LIA should be frozen.

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