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Russia to shadow Gaddafi’s money

August 30, 2011, 12:39 UTC+3

Russia insisted that foreign deposits of the Muammar Gaddafi government were spent only for humanitarian needs

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MOSCOW, August 30 (Itar-Tass) — Russia insisted that foreign deposits of the Muammar Gaddafi government, frozen by the UN Security Council, which are now given at the disposal of the Libyan opposition, were spent only for humanitarian needs and in the interests of all Libyan citizens, Kommersant learnt from Russian chief delegate to the UN Vitaly Churkin.

Late last week, the UN Security Council approved a US initiative  on unfreezing part (1.5 billion US dollars) of assets of the Gaddafi’s government, which are now at US banks, so as to transfer them at the disposal of the Libyan Interim National Council, notes the newspaper. Washington’s request was actively backed by London and Paris, while Moscow (as Churkin said) “adjusted the initial draft of  the American application”. “The idea of using frozen funds to render aid to population is quite sound, taking into account the need for mitigating the humanitarian situation in Libya. But there are some conditions which the international community should observe,” the diplomat explained.

According to the Russian ambassador, conditions on which Moscow insisted are as follows: unfrozen funds should be used only for humanitarian needs. Aid should have a “depoliticised” nature and should be rendered to all Libyan population and throughout the country. Besides, mechanisms of control over allocation, distribution and realisation of unfrozen assets should be transparent. (Earlier, the world mass media reported, referring to representatives of the Libyan opposition, that part of the money from Gaddafi’s deposits is planned to be spent on presidential and parliamentary elections as well as for other needs of new authorities.)

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