01.03.2011, 14:41 10079

World leaders freezes Gaddafi's assets

The United States and other foreign governments have frozen $30 billion in Libyan assets, Kazakhstan Today reports.

Almaty. March 1. Kazakhstan Today - The United States and other foreign governments have frozen $30 billion in Libyan assets, Kazakhstan Today reports.

U.S. and Europeans leaders took new steps Monday to tighten the noose on Libya's besieged government, with the U.S. Treasury announcing the freeze of $30 billion in Libyan assets, The Washington Post reported.

"As of today, at least $30 billion in government of Libya assets under U.S. jurisdiction have been blocked," David Cohen, Treasury's acting undersecretary for terrorism and financial intelligence, said in Washington. "This is the largest blocking under any sanctions program ever."

The action was taken under an executive order issued Friday by President Obama. The order covers assets belonging to longtime Libyan leader Moammar Gaddafi, four of his children, the Libyan government and its entities, such as the Libyan Central Bank and the Libyan Investment Authority. Cohen said he has no details on the types of assets that were frozen or the banks involved, but he said the freeze order covers "any bank that is organized under the laws of the United States or any branch operating overseas of a U.S. bank."

There was no indication before the freeze that the Gaddafis or the Libyan government had tried to liquidate a significant amount of assets, Cohen told reporters. He said Treasury is still "considering whether to add to the list of individuals who have been designated." Because of a combination of U.S., European Union and U.N. Security Council sanctions, the United States now believes that all Gaddafi and Libyan assets worldwide are frozen, Cohen said.

In Geneva, U.S. and European leaders focused on sending aid to rebels and refugees, toughening sanctions and calling for the ouster of Gaddafi, who has ruled Libya for more than 41 years.

This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.

Found an error in the text?

Select the error and press Ctrl + Enter at the same time.

relevant news

Most viewed