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frozen assets

Libya’s $70bn wealth fund sees thaw in UN asset freeze by year-end

The Libyan Investment Authority is expecting UN sign-off by the end of the year to actively manage its $70 billion in assets for the first time in more than a decade, its chief executive told Reuters. The LIA, set up under Muammar…
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G7 says will try to use frozen Russian assets to help Ukraine

The G7 will explore ways of using the future income from frozen Russian assets to help Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday, according to a draft statement seen by Reuters. The G7 froze…
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