Disinfo: The West stole billions of Gaddafi's money


We all remember the West's looting of frozen Libyan assets after 2011. According to press reports, nearly $11 billion disappeared from Libyan accounts in Belgium alone.


Disinformation about actions taken around Muammar Gaddafi. No money has disappeared from Libyan accounts in Belgium. The Belgian government has frozeen the assets of the so-called Libyan Investment Authority (LIA), that used to make investments across the world during the time of Gaddafi, including in Belgium. The amount frozen by Belgium is €14 billion.

The freezing of the LIA assets in Belgium is part of a UN sanctions regime, via UN Security Council resolution 1970, that was passed amid the revolution which unseated Colonel Muammar Gaddafi. The 15 member states of the UN Security Council voted in favour of the resolution, including Russia. The restrictions remain in place on most of the assets the LIA holds outside Libya, including in Belgium. The money has not disappeared.