Markets

US hits Libya state oil co. units with sanctions

Published Updated

"The Libyan National Oil Corporation has been a primary funding source of  the Qadhafi regime," Adam Szubin, director of the US Treasury's Office of  Foreign Assets Control, said in a statement.

"Consistent with UN Security Council Resolution 1973, all governments should block the National Oil Corporation's assets and ensure that Qadhafi cannot use this network of companies to support his activities."

Copyright AFP (Agence France-Presse), 2011