Hillary Clinton Secures $1.5 Billion for Libyan Rebels

The Secretary of State’s office released a statement on Libya Friday morning. In Clinton’s statement she announces that $1.5 Billion in funds previously frozen by the United States would be made available to the transitional government – the TNC or Transitional National Council.

Today, the Libya Contact Group held a meeting in Istanbul to demonstrate our continued commitment to Libya and to focus on the urgent financial needs of the TNC. The Contact Group called for an expedited process to lift sanctions on Libyan assets. The United States supports this call.

Today, we have secured the release of $1.5 billion in Libyan assets that had been frozen in the United States. This money will go toward meeting the needs of the people of Libya. We urge other nations to take similar measures. Many are already doing so.