UN Releases $1.5B in Frozen Libya Assets

Fighting continues as British planes bomb Gadhafi's hometown
By Matt Cantor,  Newser Staff
Posted Aug 26, 2011 11:08 AM CDT

(Newser) – The UN has unfrozen $1.5 billion in frozen Libyan assets to be used as humanitarian aid as it called on both sides of the conflict to avoid revenge killings, the BBC reports. The money had been seized by the US in the spring. It won’t go straight to the rebels, notes the New York Times: Instead, the US and international agencies will direct it toward humanitarian efforts. The head of the Transitional National Council pledged to “favor the countries which helped us” in accordance with “the support which they gave us.”

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With about half the Council in Tripoli, the city is largely in rebel hands—but fighting has continued, including reports of summary killings by both rebels and loyalists. Meanwhile, rebels have met opposition in their struggle to reach Moammar Gadhafi’s hometown, Sirte, which British planes bombed last night, hammering what Britain called a “large headquarters bunker,” CNN reports. Meanwhile, an empty hospital in the Abu Salim area—which has seen vicious fighting—held dozens of decomposing bodies, notes CBS News. (Read more Libya stories.)

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