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COUNCIL OF
THE EUROPEAN UNION

EN

Brussels, 21 December 2011

18765/11

PRESSE 505

EU unfreezes Libyan funds

The Council today unfroze all funds and assets of the Central Bank of Libya and the Libyan Arab Foreign Bank held in the EU so as to support the recovery of the Libyan economy and assist the new Libyan authorities. This implements the UN Sanctions Committee decision of 16 December.

At the same time, the Council maintained a partial freeze on the Libyan Investment Authority and Libya Africa Investment Portfolio: funds frozen as of 16 September remain blocked.

Today's decision will enter into force upon publication in the Official Journal, scheduled for 22 December.


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