Libya: Freezing of Assets
Commons · Question 59296 · Tabled 12 Jun 2025 · Treasury · Official record
Answered 17 Jun 2025
Question
Asked by Gregory Campbell
To ask the Chancellor of the Exchequer, how she plans to allocate the accruing interest on the assets of the previous Libyan regime.
Answer
Answered by Emma Reynolds, 17 Jun 2025
Interest accrued on frozen assets is still subject to an asset freeze to be frozen immediately by the person in possession or control of them, but there is no change in ownership of the frozen funds or economic resources, and they are not transferred to H...