Libya seeks China’s support to reinvest frozen assets

The Libyan Investment Authority (LIA) Chairman, Ali Mahmoud, met with China’s Chargé d’affaires in Libya, Liu Jian, on February 10th to discuss assets frozen under United Nations (UN) Security Council resolutions, according to Libya Herald and a statement published on the LIA’s official Facebook page.

During the meeting, officials discussed ways of enhancing bilateral cooperation and the mechanisms for implementing UN Security Council Resolution No. (2769) of 2025. Mahmoud highlighted China’s position as a permanent UN Security Council member and the role it could play in efforts to reinvest Libya’s frozen assets.

The talks come as Libya intensifies diplomatic efforts over its billions of dollars in frozen sovereign assets held abroad. These efforts include high-level discussions with the United Kingdom aimed at strengthening international cooperation, oversight, and the eventual recovery of the funds, as reported on February 6th.

Libya Herald, LIA, UN, Maghrebi.org