Several countries have frozen assets of the Libyan leader Col Gaddafi and members of his family The European Union has agreed to extend its economic sanctions against Libya to include the country's sovereign wealth fund and central bank.
Three other financial "entities" will also be targeted.The Libyan Investment Authority (LIA) wealth fund holds about $70bn (£43bn) and has stakes in a number of large European companies.
The US has already frozen about $30bn of Libyan assets, including those of the LIA and central bank.
The EU had already frozen assets of Libyan leader Muammar Gaddafi and some members of his family.
It had also banned the supply of arms, ammunition and any equipment that could be used for "internal repression".
http://www.bbc.co.uk/news/business-12697982
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