Corrected: Britain freezes $19 billion of Libyan assets: Cameron

Reuters News
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Posted: Mar 22, 2011 11:20 AM
Corrected: Britain freezes $19 billion of Libyan assets: Cameron

(Corrects to show Britain has frozen the assets)

BRUSSELS (Reuters) - Britain has frozen 12 billion pounds ($19.2 billion) of Libyan assets as it tries to ramp up pressure on Muammar Gaddafi via sanctions, British Prime Minister David Cameron said on Friday.

The EU has imposed sanctions on the Libyan Investment Authority, the Libyan central bank, three other financial institutions and at least 27 people, including Gaddafi.

Cameron said the EU's 27 member states needed to look into Libya's oil income. That could involve adding the Libyan National Oil Company to the sanctions list, EU diplomats have said.