Netherlands freezes 3.1 bn euros in Libyan assets

30th March 2011, Comments 0 comments

The Netherlands said Wednesday that it had frozen more than three billion euros ($4 billion) of assets as part of EU sanctions against the Libyan regime of Moamer Kadhafi.

"We informed the parliament that 3.1 billion euros of Libyan assets have been frozen since March 2," a spokesman for Dutch Finance Minister Niels Redeker told AFP.

No details were provided in a letter sent by the government to lawmakers last week.

The European Union has adopted four sets of sanctions against Kadhafi's regime, targeting both prominent figures and entitites such as the Libyan Investment Authority which is the overseas vehicle for investing Tripoli's oil revenues and is a potential source of funding for the regime.

© 2011 AFP

0 Comments To This Article