West Prepares to Hand Rebels Gaddafi's Billions
Independent UK - More than 30 countries yesterday recognised Libya's rebel movement as the legitimate government as they tried to end the war and unseat a defiant Colonel Muammar Gaddafi.
The statement by nations meeting in Istanbul for the fourth time since Nato attacks against Gaddafi's regime began in March could allow the US to free up more than $30bn of Gaddafi's assets held by American banks for the opposition fighters. France has agreed to unfreeze $250m in assets for the opposition, while Italy pledged to unfreeze an additional $100m. Kuwait and Qatar reportedly have given about $100m to the opposition. Read more.
The statement by nations meeting in Istanbul for the fourth time since Nato attacks against Gaddafi's regime began in March could allow the US to free up more than $30bn of Gaddafi's assets held by American banks for the opposition fighters. France has agreed to unfreeze $250m in assets for the opposition, while Italy pledged to unfreeze an additional $100m. Kuwait and Qatar reportedly have given about $100m to the opposition. Read more.
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