Germany freezes Libyan central bank, sovereign wealth fund accounts

Photo: Germany freezes Libyan central bank, sovereign wealth fund accounts / Economy news

Azerbaijan, Baku, March 10 /Trend/

Germany has frozen accounts belonging to Libya's central bank and sovereign wealth fund, the German Press Agency dpa learned on Thursday.

The move, disclosed by Economics Minister Rainer Bruederle, affected 193 accounts at 14 German banks, including the German central bank, according to government sources.

The move came ahead of an EU summit at which leaders are expected to demand the resignation of Libya's Moamer Gaddafi.

Accounts affected by the freeze included those belonging to the Libyan Foreign Bank, the country's sovereign wealth fund, the Libyan Investment Authority, which holds around 70 billion dollars' worth of state money, and the Libya Africa Investment Portfolio.

Do you have any feedback? Contact our journalist at agency@trend.az

Follow us on Twitter @TRENDNewsAgency

 
MOST READ