Libya: Freezing of Assets

Foreign, Commonwealth and Development Office written question – answered on 14th September 2020.

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Photo of Lord Empey Lord Empey UUP

To ask Her Majesty's Government what assessment they have made of the request by the Libyan Investment Authority to the UN to access frozen assets, including assets frozen in London; and what steps they will take to ensure that such assets are not released without an agreement to compensate the victims of IRA terrorist acts.

Photo of Lord Empey Lord Empey UUP

To ask Her Majesty's Government what assessment they have made of the request by the Libyan Investment Authority to the UN to allow the Libyan Investment Authority to invest frozen assets; and what steps they plan to take in response.

Photo of Lord Ahmad of Wimbledon Lord Ahmad of Wimbledon Minister of State (Foreign, Commonwealth and Development Office)

Libyan assets in the UK were frozen in 2011 under UN Security Council Resolution 1973, at the request of the Libyan authorities. We are not aware of any formal request by the Libyan Investment Authority to access frozen assets. We are committed to supporting the victims of Qadhafi-sponsored IRA terrorism, and continue to believe the Libyan Government has a responsibility to address their claims.

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