LIBYA AGREES TO PAY UP TO $2.7 BILLION FOR LOCKERBIE BOMBING.The government of Libya accepted responsibility last week for the bombing of Pan Am Flight 103 over Lockerbie, Scotland, last week and agreed to pay up to $10 million to each of the families of those killed. Libya agreed to put $2.7 billion into an escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. account at the Bank of International Settlements in Switzerland if the United Nations agrees to lift its sanctions Sanctions is the plural of sanction. Depending on context, a sanction can be either a punishment or a permission. The word is a contronym. Sanctions involving countries: Once the U.N. sanctions are fully lifted, each family is to be paid $4 million from the account. Another $4 million is to be paid if and when the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. lifts its own, separate sanctions, and a final $2 million is to be paid if and when Libya is removed from the State Department's list of states that support terrorism. If the United States doesn't lift its sanctions and remove Libya from the list of states supporting terrorism within eight months, however, the families would receive only $1 million on top of the initial $4 million payment. James P. Kreindler, a lawyer who represents 120 of the 270 families involved in the case, said the majority support the settlement. Some, however, said they resented the Libyans' insistence that U.S. and U.N. sanctions be lifted before the money would be paid out. Forty of the families received a briefing at the State Department Aug. 15 by Secretary of State Colin Powell Noun 1. Colin Powell - United States general who was the first African American to serve as chief of staff; later served as Secretary of State under President George W. Bush (born 1937) Colin luther Powell, Powell and William J. Burns, assistant secretary of state for near eastern affairs The Assistant Secretary of State for Near Eastern Affairs is the head of the Bureau of Near Eastern Affairs within the American Department of State. The Assistant Secretary guides operation of the U.S. . Powell said the U.S. sanctions will remain in effect, at least for now. Powell said the United States will not oppose lifting of the U.N. sanctions but remains "deeply concerned" about Libya's human rights record, its assisting neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. counties in wars and its programs to produce chemical, biological and nuclear weapons. Libya's admission came in a letter to the U.N. Security Council by Libyan Ambassador Ahmed A. Own. He said "as a sovereign state SOVEREIGN STATE. One which governs itself independently of any foreign power. ," Libya accepts responsibility for the acts of intelligence agent, Abdel Basset Ali Megrahi, who was convicted of plotting to destroy the airliner with a bomb inside a radio. |
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