U.N. to allow release of $1.5 billion frozen Libya funds (Reuters)

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.

Council diplomats said the agreement would enable the funds to be released without a U.N. Security Council vote on a U.S. draft resolution that Washington submitted to the council on Wednesday in response to South Africa blocking a U.S. request to disburse the money in the U.N. Libya sanctions committee.

(Reporting by Louis Charbonneau; Editing by Sandra Maler)

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/nm/20110825/wl_nm/us_libya_un

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