Middle East Economic Survey

VOL. LIV

No 13

28-Mar-2011

LIBYA

Libya Asset Freeze Widens To Over $60Bn, Includes NOC Subsidiaries

As the regime of Col Mu'ammar al-Qadhafi persisted with its shelling of rebels in key cities like Misurata, NATO-led strikes against Libya continued and the international community is also keeping up the financial pressure. The UN and EU backed freeze on his assets widened to more than $60bn as Italy added an estimated €6-7bn ($8.5-9.8bn) to the...