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Turkey freezes Libyan assets, removes ambassador - ASHARQ AL-AWSAT English Archive
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ANKARA, Turkey (AP) — Turkey froze Libya’s holdings in a Turkish bank on Monday, a day after it recognized Libya’s rebel leaders as the country’s legitimate representatives and quietly removed its ambassador from Tripoli.

Turkey’s banking regulatory fund said it was temporarily controlling Libyan Foreign Bank’s 62 percent stake in Turkey’s Arap Turk Bankasi A.S. in line with U.N. Security Council decisions to freeze Libya’s foreign assets.

Turkey on Sunday also formally withdrew its ambassador in Tripoli, according to the Official Gazette, an official record of government decisions. Turkish Foreign Ministry officials said the ambassador has been reassigned a post in Ankara and it was not known when a new ambassador for Libya would be named.

Turkey had already removed its staff from the embassy for security reasons in May.

Turkey initially balked at the idea of military action in Libya and Turkish companies were involved in Libyan construction projects worth billions of dollars before the outbreak of an anti-Gaddafi uprising in February. But, the regional power has increasingly broken ties with Libyan leader Muammar Gaddafi and as a NATO member, Turkey is supporting the alliance’s airstrikes against targets linked to his regime.

Turkey has repeatedly called on Gaddafi to give up power to allow the transition to a more democratic government. Last month, Prime Minister Recep Tayyip Erdogan said he had offered Gaddafi guarantees in return for him leaving Libya but had not received a response.

Since the beginning of the uprising in Libya, the European Union has frozen the accounts of the country’s state-controlled companies and investment funds, as well as those of key members of the Libyan regime. EU states also said they would not provide the Gaddafi regime with any new funding by buying up oil and gas from the country.

On Sunday, Turkish Foreign Minister Ahmet Davutoglu visited the Libyan rebel’s stronghold of Benghazi, recognized the rebel’s National Transitional Council as Libya’s representatives, and promised an additional $200 million in aid.

Turkey joins several other countries, including France, Qatar and Italy, in officially recognizing the rebels.

The rebels control Libya’s eastern third, but Gaddafi clings to power in the west where he has been unable to crush pockets of resistance.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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