Freezing of Assets: Libya

(asked on 13th March 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what is the current monetary value of Libyan government assets frozen in the UK.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 27th March 2018

At close of business on 29 September 2017 the total value of Libyan assets frozen in the UK was £12.061 billion. OFSI undertakes an annual frozen asset review requiring all persons or institutions that hold or control frozen funds in the UK to report to OFSI, from which this figure is taken.

HM Treasury does not provide a breakdown of the value of frozen assets held by certain individuals or entities. The figure is therefore provided on an aggregate basis.

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