The US has frozen more than $30bn in Libyan government assets as European officials have slapped their own sanctions on Muammer Gaddafi, the country’s embattled leader.
“As of today at least $30bn in government of Libya assets under US jurisdiction have been blocked,” David Cohen, acting US Treasury undersecretary, said on Monday. “This is the largest blocking [action] under any sanctions programme ever.”
The move by the international community to freeze the assets of the Libyan leader and those close to him has become a key component of the growing pressure on Colonel Gaddafi and his regime as it struggles to hold on to power.
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