Go-ahead given to return Libyan assets

The United Nations Security Council has given the Swiss authorities the green light to return SFr350 million ($399 million) of blocked funds to Libya.

This content was published on September 15, 2011 and agencies

A spokeswoman from the State Secretariat for Economic Affairs (Seco) confirmed on Thursday that Switzerland received the go-ahead at the beginning of the week.

She said the money would not go to Libya’s National Transitional Council but to international or Libyan humanitarian organisations.

Seco said the SFr350 million did not originate from the Gaddafi clan but exclusively from Libyan state enterprises.

In all, Switzerland froze Libyan assets worth SFr650 million earlier this year after the UN  imposed financial sanctions on the North African country.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.