Freezing of Assets: Libya

Treasury written question – answered on 7th June 2022.

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Photo of Lord Empey Lord Empey UUP

To ask Her Majesty's Government, further to the article ‘Libya’s Central Bank says no assets have been frozen in Britain’, published in the Libya Observer on 22 May, what assessment they have made of the accuracy of the statement made by the management of the Central Bank of Libya that no Libyan assets have been frozen in Britain.

Photo of Baroness Penn Baroness Penn Baroness in Waiting (HM Household) (Whip)

The Central Bank of Libya is not designated for financial sanctions by the UN or UK. There are therefore no frozen assets in the UK belonging to Central Bank of Libya.

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