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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Targeting Libya’s sovereign wealth fund—Or not.

Posted on 04 March 2011

From WSJ: European Union member states are split over whether the bloc’s asset freeze applies to Libya’s sovereign wealth fund and central bank, a senior EU official said Thursday.

Some countries, including Italy, are arguing that the sanctions adopted thus far do not apply so broadly to cover the Libyan Investment Authority and that to extend them there would need to be fresh agreement at EU level…………………………………….Full Article: Source


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