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Politics
Japan Keeps Libyan $4.4 Billion Frozen but Offers $2 Million Emergency Aid
Tuesday, September 13, 2011
Tokyo- (PanOrient News) The Japanese government today decided to provide emergency grant aid of $2 million for people injured by the armed clashes between the Qaddafi group and anti- Qaddafi groups in Libya, on requests of the National Transitional Council (NTC) and the International Committee of the Red Cross (ICRC) budget extension appeal.
A statement by the Foreign Ministry in Tokyo said this assistance will immediately be implemented in cooperation with the ICRC.
Together with other assistance already provided such as the emergency grant aid of 5 million US dollars, the Government of Japan will have assisted Libya with about 8.2 million US dollars in total, the ministry said.
Meanwhile, Japan is not planning to unfreeze Libyan assets of about $4.4 billion, for the time being, an official from the Prime Minister's Office in Tokyo told PanOrient News.
The Government of Japan” is now examining the case of Libyan frozen assets and will appropriately respond based on the forthcoming discussions in the UN Security Council and the needs of the Libyan National Transitional Council,” the official said.
A resolution adopted on March 9 by the cabinet of former Prime Minister Naoto Kan imposed trade and financial sanctions against Libya as means to force its (former) leader to stop military action against civilians. The Japanese government then asked financial institutions to check assets possibly registered in Japan under the names of Qaddafi: Muammar Mohammed Abu Minyar, and his children, Hannibal, Khamis, Mutassim, and Saif al-Islam, and Aisha.
The sanctions were implemented under the Foreign Exchange and Foreign Trade Law. They include banning capital transactions, the deposit contract, trust agreement and cash loan agreement.
Photo: Libyan embassy building in Tokyo.
PanOrient News
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