The Federal Council condemns the use of force against the Libyan people and has blocked any assets held by Moammar Gaddafi in Switzerland

Bern, Press release, 03.05.2011

The Federal Council strongly condemns the use of force by the Libyan ruler against the people. It would like to express its condolences to the victims’ families. In view of the developments, the Federal Council has decided with immediate effect to block any assets in Switzerland of Moammar Gaddafi and those who are closely associated to him. In this way, the Federal Council wishes to avoid any risk of embezzlement of any assets belonging to the Libyan state still held in Switzerland.

In the past few days, mass unrest, violence and civil war-like conditions have resulted in hundreds of deaths and injuries. The Federal Council is monitoring the situation in Libya closely and has taken note of the latest developments. The Federal Council strongly condemns the violence used by the rulers against the Libyan people in the past few days.  

The people who came out onto the streets in Libya in recent days to demonstrate against the regime in Tripolis and demand their democratic rights were risking their lives. The Federal Council is very aware of the courage that these people have shown. Switzerland would like to express its sincere condolences to the families of the many victims who lost their lives in the recent demonstrations in Libya. 

In order to avoid any misuse of state monies, the Federal Council decided today to block with immediate effect all assets in Switzerland of Moammar Gaddafi and those associated with him. The sale and any disposal of goods – in particular real estate – belonging to these persons are also prohibited with immediate effect. The Federal Council thus intends to take all the necessary steps to avoid any embezzlement of Libyan state assets that may still be in Switzerland. The corresponding ordinance will take effect today and will remain valid for three years.

Further information:

Link to Ordinance (ge)

Address for enquiries:

Information FDFA
Bundeshaus West
CH-3003 Bern
Tel.: (+41) 031 322 31 53
Fax: (+41) 031 324 90 47


Federal Department of Foreign Affairs