UN to allow release of $1.5 bln frozen Libya funds


UNITED NATIONS (Reuters) - The United States and South Africa struck a deal on Thursday to allow the release of $1.5 billion in frozen Libya funds for humanitarian aid and other civilian needs, U.N. diplomats said on Thursday.

They said the agreement would allow the release of the funds without a Security Council vote on a draft resolution that Washington submitted on Wednesday after South Africa blocked a U.S. request to disburse the money in the U.N. Libya sanctions committee.

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