facebook
twitter
search
search

Treasury freezes $30B in Libyan assets

Feb. 28, 2011 at 4:35 PM
| License Photo

WASHINGTON, Feb. 28 (UPI) -- The U.S. Treasury announced Monday it froze $30 billion in Libyan assets belonging to leader Moammar Gadhafi, his family and government entities he controls.

The action was taken under an executive order President Obama issued Friday, 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. "This is the largest blocking under any sanctions program ever."

Cohen said he has no details on the types of assets that were frozen or the banks involved.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Pilot in Taiwan plane crash shut down wrong engine, black boxes show
Small plane crash kills two near Dallas
Russian diplomats slam 'divisive' UN measure on Srebrenica
Talks with NKorea come with conditions, says White House advisor
Customs officials seize stolen Indian statue worth $1M in New York