Berlin: Libyan leader Muammar Gaddafi regime’s vital oil revenues, which aided his fight against opposition groups, have been blocked by the European Union.

The Foreign Ministers of the 27-nation EU at their one-day meeting in Luxembourg on Tuesday, ordered to freeze the accounts of 26 Libyan oil and gas companies in European banks.

They also offered to provide military support, including the deployment of ground forces, to protect humanitarian relief supplies for the civilian population caught up in the fighting if the United Nations asks for it.
German Foreign Minister Guido Westerwelle said after the meeting, “The new sanctions are a de facto oil and gas embargo against the government in Tripoli.”

They are intended to cut off the regime's source of funds for its war efforts, he told journalists.

The EU had slashed its first sanctions against Gaddafi's regime in March, shortly after the popular uprising against the Gaddafi regime broke out and the measures announced at that time included freezing of the bank accounts of Gaddafi and his clans in Europe.

In addition, the EU also froze the bank accounts of several financial institutions in Libya.