Washington funnels confiscated Libyan assets to “rebel” leadership
United Arab Emirates Foreign Minister Abdullah bin Zayed
Al-Nahyan, left, speaks to U.S. Secretary of State Hillary R.
Clinton at the Second Contact Group Meeting on Libya, in
Rome, on Thursday, May 5, 2011. (AP/J. Martin, Pool)
Yesterday’s meeting of the “Contact Group on Libya” concluded with US Secretary of State Hillary Clinton announcing that Washington will soon “tap some portion” of the $30 billion in Libyan assets it has confiscated to assist the military intervention.
The brazen illegality of the Obama administration’s moves to use Libya’s national wealth to keep the so-called rebel leadership afloat again demonstrates the colonial character of the US-NATO war to oust Muammar Gaddafi.
Held in Rome, Italy, the second meeting of the Contact Group was a squalid spectacle, resembling a gathering of mafia bosses coordinating a lucrative heist. Twenty-two foreign ministers, mostly from European and Arab states, were joined by officials with the UN, Arab League, NATO, the European Union, the Gulf Cooperation Council, and the World Bank.
In a lengthy joint statement, the group declared that the so-called Interim National Council (INC) in the eastern Libyan city of Benghazi is a “legitimate interlocutor for Libyans”—a status that “should entail the possibility for it to request the unfreezing of Libyan assets, which remain frozen in accounts in several states”. A “Temporary Financial Mechanism” has been established to funnel hundreds of millions of dollars to the anti-Gaddafi leadership, which comprises various ex-regime figures, Islamic fundamentalists, and US intelligence assets. Kuwait has already pledged $180 million, and Qatar $400 million.
The Obama administration will move to pass legislation allowing it to spend $150 million in Libyan assets in seized in February. The Washington Post reported that “the administration will work with Congress to decide who will get the money”—underscoring the arbitrary and illegal nature of the operation. The Post further explained that the initial sum is only a small fraction of the total $30 billion in “frozen” Libyan assets because “some of that money is in American banks overseas, making it more complicated to use”.
Apparently, stealing Libyan resources is one thing, but removing them from the coffers of American banks quite another.