. Military Space News .




.
ENERGY TECH
China blocks Europe moves to free money for Libya: envoys
by Staff Writers
United Nations (AFP) Aug 29, 2011

China has held up moves by Britain, France and Germany to get a UN sanctions committee to release five billion dollars of frozen Libyan assets to buy emergency aid, diplomats said Monday.

The United States had to threaten to seek a full UN Security Council resolution last week to get South Africa to end its hold on the release of 1.5 billion dollars in frozen Libyan regime assets.

This time China's UN mission is seeking authority from the Beijing government before approving the bid by the European nations to get humanitarian aid to Libya.

Britain wanted to release about one billion pounds ($1.6 billion) of Libyan currency printed by a British firm, British officials said.

Germany has asked the sanctions committee to "to authorize the release of up to one billion euros from assets of the Libyan Central Bank frozen in Germany," said a spokesman for the German UN mission.

"It is our objective to make these funds available to the Libyan people, as soon as possible, in particular for humanitarian assistance," the spokesman added.

France has also asked for more than one billion euros to be released, diplomats said.

Normally such requests are passed by the UN's Libya sanctions committee if no objection is made for a three day period after an application is made. None of the missions commented on whether the applications had passed but UN diplomats said China had put a block on the European requests.

A freeze on assets by Moamer Kadhafi's regime and entities linked to the government was ordered by the UN Security Council in February and March as Kadhafi stepped up his deadly crackdown on opposition protests. All 15 Security Council members sit on the sanctions committee.

"We are hoping this is just a glitch and that the Chinese mission will soon get instructions," a Western diplomat said.

South Africa held up a US application to release funds in US banks for more than two weeks because of concerns that it could imply recognition of the Libyan rebel government.

South Africa and the African Union has not yet recognized the national transitional council which is now in Tripoli.

A deal under which a US request did not mention the rebel government by name avoided a vote on a full Security Council resolution to have the funds freed.

The UN Security Council is to discuss Libya on Tuesday.




Related Links
Powering The World in the 21st Century at Energy-Daily.com

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries








. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Sinopec first-half net profit rises 12%
Shanghai (AFP) Aug 29, 2011
Chinese oil giant Sinopec, Asia's largest refiner, has reported a 12 percent gain in net profit for the first half this year, thanks to strong growth in the world's second largest economy. Sinopec earned 41.2 billion yuan ($6.4 billion) in the first six months, up from 36.8 billion yuan the same period a year earlier, according to financial results filed with the Shanghai Stock Exchange. ... read more


ENERGY TECH
Raytheon-Rafael get boost for Iron Dome

Raytheon Teams with Rafael to Market Iron Dome Weapon System

Airborne Infrared Sensor Cued In ABM Test With The Integrated Sensor Manager

Moscow warns NATO against extending missile shield

ENERGY TECH
Russia 'surprised' by Iran's legal complaint over S-300

Ahmadinejad unveils new marine missile, torpedo

Taiwan to develop precision-guided missile

LockMart Demos Rocket Motor Survivability In Fixed-Wing Flight Environments

ENERGY TECH
US drone attack kills four militants in Pakistan: officials

Canadian drone helped rebels in Libya

Raytheon Unmanned Aircraft Systems Open Architecture Could Yield Cost Savings

Boeing Demonstrates Swarm Reconnaissance with Unmanned Aircraft

ENERGY TECH
"Network in A Box" Allows Military Vehicles To Be Used For Multiple Missions

Space Command retires workhorse satellite

Raytheon Develops Miniature Antenna To Extend Millimeter Wave Friendly ID Technology

China launches another experimental satellite

ENERGY TECH
Iran begins making carbon fiber, despite ban

EADS tots UH-72A delivery milestone

Chile opts for refurbished U.S. howitzers

Raytheon Approach to DARPA Project Applicable For All Military Services

ENERGY TECH
China says US report on its military 'groundless'

Israel seeks to buy U.S. equipment in Iraq

Boeing Delivers 3 More F-15K Slam Eagles to the Republic of Korea

U.K. defense supply chain threatened

ENERGY TECH
China state news agency accuses US of 'interfering'

China accuses US of 'exaggerating' military threat

Europe and NATO weakened despite Libya victory

Biden to meet China's leader-in-waiting

ENERGY TECH
Boeing and BAE Systems to Develop Integrated Directed Energy Weapon for US Navy

System Integration of High Energy Laser Technology Demonstrator Completed

Raytheon Acquires Directed Energy Capabilities of Ktech Corporation


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement