Canada says unable to free up Libyan assets

July 15, 2011 21:57


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

OTTAWA - Canada cannot unlock frozen assets to help fund the Libyan rebels even after world powers on Friday recognized the National Transitional Council (TNC) as the country's legitimate government.

Foreign Minister John Baird said any attempt to free up locked Libyan government money unilaterally could run up against complex legal constraints and conflict with United Nations sanctions, leaving it helpless to act on its own.

"We believe that the overwhelming amount that's been frozen in Canada is under UN Security Council sanctions and so our legal ability with Canadian law is that we can't release it to either them (the TNC) or a third party until the security council lifts the freeze or makes another decision in that regard," Baird told reporters via teleconference.

Related Content

Breaking news
July 22, 2018
Syrian state television claims Israel may have attacked in Hama province