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Gaddafi Family Assets in Austria are Frozen

Published: March 2, 2011; 00:01 · (Vindobona)

More than € 1.2bn of funds invested in Austria are to be blocked after international sanctions.

The Oesterreichische Nationalbank (OeNB) has issued today a regulation ordering that all the assets belonging to persons included in the EU sanctions decision to be frozen.

This applies to the Gaddafi family and further people in their environment. Moreover, the direct and indirect access to assets for such persons or in their benefit is prohibited. The regulation includes a list…

This article includes a total of 133 words.

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