Libya and US in talks over sharing frozen funds worth billions
The US and Libya have engaged in negotiations about sharing billions of dollars in frozen state assets of Libya, if the US tries to release the funding, sources claim, Middle East Eye reported on May 8th.
The US government would assist in unlocking roughly $30 billion which were frozen since the ex-leader of Libya, Muammar Gaddafi fell from power due to a Nato-endorsed insurrection, according to a Western official and an Arab source.
The US in return would receive roughly $10 billion to invest in the North African country, with energy and infrastructure projects being on the radar, according to the anonymous sources.
Middle East Eye
