Canada sanctions freeze Gaddafi’s millions in its banks

TORONTO - Canada Sunday joined the UN and the US in imposing sanctions on Libya.

The sanctions Prime Minister Stephen Harper announced will freeze millions of dollars reportedly held by Libyan leader Muammar Gaddafi and his family in Canadian banks.

Asking the Libyan leader to step down immediately, the Canadian prime minister said Gaddafi “has blatantly violated this most basic trust. Far from protecting the Libyan people against peril, he is the root cause of the dangers they face. It is clear that the only acceptable course of action for him is to halt the bloodshed and to immediately vacate his position and authority”.

The Canadian leader said, “Canada had called for the Security Council to act and we are pleased that it has done so. The unanimous passing of United Nations Security Council Resolution 1970 sends a very clear message: the murder of its own citizens by the Libyan regime, and the gross violations of the population’s human rights will not be tolerated by the international community, and will carry serious consequences.”

Harper said Canada was going beyond the Security Council sanctions by imposing “an asset freeze on, and a prohibition of financial transactions with the government of Libya, its institutions and agencies, including the Libyan Central Bank”.

“These actions will help restrict the movement of, and access to money and weapons for those responsible for violence against the Libyan people.”

The UN Security Council resolution seeks “an arms embargo requiring all states to prevent the sale or supply of arms into Libya, or the export of arms from Libya, the inspection of cargo going into Libya, a travel ban on Muammar Gaddafi and 15 individuals closely associated with him; and an asset freeze against Gaddafi and members of his family.”