Breaking News

Tweet TWEET

Germany Froze $6 Billion of Libyan State Funds, Spiegel Says

The German government froze $6 billion of Libyan state funds over the last few weeks, Der Spiegel reported today on its website, citing a memo written by Economy Minister Rainer Bruederle.

Bruederle wants Libyan government money seized from accounts across Europe to be transferred to the United Nations, the report said.

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net.

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.