Swiss authorities have frozen hundreds of millions of dollars of assets belonging to Muammar Qaddafi, Libya's leader, and the deposed presidents of Egypt and Tunisia.
The freeze on assets totalling US$960 million (Dh3.52 billion), announced yesterday by the Swiss foreign ministry, was one of the most dramatic in the wake of uprisings in Egypt and Tunisia and violence in Libya. In February the US froze about $30bn in assets held by Col Qaddafi's regime.
Authorities in Switzerland said yesterday they blocked 360m Swiss francs (Dh1.53bn) held by Col Qaddafi following a raft of sanctions imposed by the UN, EU and dozens of individual countries over the regime's violent suppression of a rebellion against its 32-year rule.
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