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France requests permission to unblock Libyan assets

media Rebel fighters, who were injured during fighting at Bab al-Aziziya, rest at Maitika Hospital in Tripoli August 27, 2011. REUTERS/Louafi Larbi

France has €7.6 billion in frozen Libyan assets, the l’Elysée Palace confirmed Wednesday, saying that it has asked the United Nations to allow France unfreeze €1.6 billion.

This follows a similar request by Britain on Tuesday, which was approved by the UN steering committee responsible for overseeing UN sanctions against Libya

The unfrozen funds will be used for humanitarian aid and to keep the country running.

Tomorrow, France and Britain will co-host an international conference on the future of Libya after Kadhafi at which the issue of Libya frozen assets will be discussed.

France says it would like the funds to be unblocked by the end of the week

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