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FINANCIAL NEWS
Netherlands releases USD144m to aid Libya
17 Aug 2011
(MENAFN) Netherlands’ foreign minister, Uri Rosenthal, said that due to an appeal from the World Health Organization (WHO), his country released USD144 million from Muammar Qaddafi’s frozen assets to purchase medicine for the Libyan people, reported The National.
Rosenthal added that as a result of international sanctions on the Libyan regime, many of the funds were out of reach; moreover, the sanctions were made to put pressure on Muammar Qaddafi and not on the civilians.
He also said that in July, the opposition National Transitional Council (NTC) needed USD3 billion to pay salaries and purchase supplies, moreover, during the civil war in the country, many hospitals were damaged, and many patients needed medicine, especially that to treat diabetes and heart problems.
It is worth noting that the Dutch government released the amount after it took the approval of the UN sanctions committee. On the other hand, in March, around USD4.4 billion in Libyan assets were frozen by the Dutch government.
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