Jordan freezes Libyan assets

The official says the freeze took effect five weeks ago in line with a U.N. Security Council request. He says it was not acknowledged to the press earlier because authorities were trying to locate all targeted Libyan assets.

Updated - November 17, 2021 02:45 am IST

Published - May 09, 2011 06:36 pm IST - Amman, Jordan

A Jordanian finance official says the kingdom has frozen Libyan assets totalling about $500 million. Jordan also has frozen Libyan investments, mainly in the Amman Stock Exchange, of about $782 million.

The official says the freeze took effect five weeks ago in line with a U.N. Security Council request. He says it was not acknowledged to the press earlier because authorities were trying to locate all targeted Libyan assets.

The official insisted on anonymity on Monday, citing the sensitivity of the information.

Libya’s Muammar Qadhafi is a fiery critic of Jordan because of its alliance with the U.S. and diplomatic ties with Israel.

Jordan is helping to enforce a no—fly zone over Libya.

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