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USD370 MILLION OF YUGOSLAV MONEY FROZEN ON ACCOUNTS ABROAD

BELGRADE, Jan 29 (Hina/Beta) - Yugoslav Vice-Premier Miroljub Labus said on Tuesday a total of 369.7 million US dollars of Yugoslav assets were frozen on bank accounts abroad. "Of that amount, 184.1 million dollars have been frozen on accounts in the United States, of which 86.5 million are on the accounts of companies against which court proceedings are being conducted, while the other 100 million belong to the National Bank of the Socialist Federal Republic of Yugoslavia (SFRY), as part of the succession process," Labus said at a parliament session. He added that a total of 140.1 million dollars of authorised banks was frozen abroad on the last day of last year, refuting claims that the frozen assets were huge. The parliament's Council of Citizens started a debate on the interpellation of 49 opposition deputies against an agreement on succession to the former federation. The agreement was signed in Vienna las
BELGRADE, Jan 29 (Hina/Beta) - Yugoslav Vice-Premier Miroljub Labus said on Tuesday a total of 369.7 million US dollars of Yugoslav assets were frozen on bank accounts abroad. "Of that amount, 184.1 million dollars have been frozen on accounts in the United States, of which 86.5 million are on the accounts of companies against which court proceedings are being conducted, while the other 100 million belong to the National Bank of the Socialist Federal Republic of Yugoslavia (SFRY), as part of the succession process," Labus said at a parliament session. He added that a total of 140.1 million dollars of authorised banks was frozen abroad on the last day of last year, refuting claims that the frozen assets were huge. The parliament's Council of Citizens started a debate on the interpellation of 49 opposition deputies against an agreement on succession to the former federation. The agreement was signed in Vienna last year but none of the successor-states has ratified it yet. A representative of the Serbian Socialist Party (SPS), Oskar Kovac, said on behalf of the deputies contesting the agreement the document should not be ratified, but talks on succession resumed until more favourable conditions were agreed on. The deputies claim the agreement cost Yugoslavia a loss of four billion dollars. Yugoslav Premier Dragisa Pesic said deputies would not be able to discuss the agreement appropriately until they were given the text of the agreement, which he said would be done before a regular session of parliament councils in March. (hina) rml

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