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Germany to release 1 bn euro frozen Gaddafi assets
September 02, 2011

Even as Libya's Muammar Gaddafi, in a radio message, urges his countrymen to fight on, Germany has announced it will release 1 billion euros from 7 billion euros frozen assets of the ousted regime of Muammar Gaddafi to provide urgent medical and humanitarian assistance and to support Libya's interim government in meeting some of its most pressing needs. 

Chancellor Angela Merkel told journalists last evening at the conclusion of the "friends of Libya" international conference hosted by French President Nicolas Sarkozy that the UN Security Council's sanctions committee has approved Germany's request to unfreeze 1 billion euros.

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