Sweden has frozen Libyan assets worth 10 billion kronor (1.5 billion dollars), the Financial Supervisory Authority said Wednesday, dpa reported.
The financial watchdog declined to spell out the details however, citing confidentiality rules but said the measure was reported to the European Commission.
The European Union last month imposed sanctions on Libya following a decision in the UN Security Council, and earlier this week EU foreign ministers tightened the measures that have included visa bans and a freeze of Libyan assets.
According to a report by the daily Dagens Nyheter, the asset freeze in Sweden is linked to the Libyan Investment Authority which invests profits from the North African country oil wealth and several other companies.
The sanctions were aimed at the regime of Libyan leader Moamer Gaddafi in response to his recent bloody crackdown on anti-government protests.
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