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Thursday, August 25, 2011

Italy To Unfreeze $505M In Libyan Assets

Italian Prime Minister Silvio Berlusconi said Thursday that Italy plans to release $505 million in frozen Libyan assets, as Britain pressed South Africa to drop its opposition to U.N. Security Council moves to unfreeze $1.5 billion.


Berlusconi made the announcement following a meeting Thursday in Milan with the leader of Libya's rebel Cabinet, the second stop of a European diplomatic tour to push for the urgent release of billions of dollars in frozen Libyan assets.


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