Italian Prime Minister Silvio Berlusconi said Thursday that Italy plans to release 350 million ($505 million) in frozen Libyan assets.
Berlusconi made the announcement following a meeting Thursday in Milan with the leader of the Libyan National Transition Council Mahmoud Jibril, the second stop of a European diplomatic tour to push for the urgent release of billions of dollars in frozen Libyan assets.
Mahmoud Jibril was in Paris on Wednesday and heads from Italy to Istanbul for a meeting of the recently formed Contact Group of 30 nations.