Libya
LIA struggling to maintain income from its London property empire

The Russian bank VTB rents four floors of 14 Cornhill, London.
The Russian bank VTB rents four floors of 14 Cornhill, London. © 4k-Clips / Alamy Stock Photo
The Libyan sovereign fund, the LIA, is having to deal with the impact of sanctions imposed on Russia's VTB Bank, which occupies nearly half of its top London office block, as well as the departure of law firm Clyde & Co from another. A number of its other properties have been left vacant, moreover. [...]
Published on 03.05.2022 at 05:00 GMT Reading time 3 minutes

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