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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

West freezes billions of dollars from Libya’s sovereign wealth funds, 7pct of which placed in alternative funds

Posted on 31 May 2011

Rebels have been fighting the 41-year-long regime of the Libyan government of Muammar Qaddafi (or Gaddafi) for three months, and NATO countries became involved – to protect civilian lives and also to protect Gadhafi’s enemies from his forces (according to Statfor) – for two months.
So what has happened in Libya most recently? Libyan Deputy Foreign Minister Khaled Kaim said on May 27th that his country was not concerned with decisions made by the G8, after Russia (which is mediating the conflict) joined NATO in calling for Gadhafi’s departure, AFP reported. During the G8 summit this week-end, President Barack Obama said the U.S. and France were committed to finishing the job in Libya, said News24……………………………………….Full Article: Source

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