France hands Libya rebels US$259 million in unfrozen funds

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France will place US$259 million at the disposal of Libya’s National Transition Council (NTC) after un-freezing Libyan assets in the country, Foreign Minister Alain Juppe said on yesterday.



The NTC has committed to use the funds for humanitarian purposes, respecting European guidelines, according to a foreign ministry statement released after a meeting between Juppe and the NTC’s special envoy in Paris, Mansour Seyf al-Nasr.