Malta Releases Libyan Assets Worth 300 Million Euros

Malta on Wednesday unblocked Libyan assets worth 300 million Euros ($394 million) that had been frozen during last year’s uprising against Libyan dictator Moamer Kadhafi, an official said.

86 million Euros in assets belonging to the Kadhafi family would continue to be sequestered, A foreign ministry spokesman referred. “The sanctions were lifted and Malta has now released these funds. If the new Libyan government requests them, Malta will gladly pass them on,” he said.

Unfreezing the funds had been the subject of talks between Maltese and Libyan government officials over the past few months. The assets were frozen in the wake of the uprising against Moamer Gaddafi‘s regime last year.

Malta, the European country closest to Libyan shores, remained neutral in last year’s conflict but became an important hub for humanitarian aid sent to Libya and for the mass evacuation of foreign migrant workers.


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