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Saudis Order Terrorist Assets Frozen -- Effect Still Unclear Funds May Not Be Blocked Bush asked for action back on Sept. 24; yet another touchy point in relationship.(WORLD WAR ON TERRORISM)

Investor's Business Daily

| November 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: FROM IBD STAFF AND NEWS SERVICES

The Bush administration announced Wednesday that Saudi Arabia has issued an order to freeze assets of 66 individuals and groups suspected of links to terrorism.

But it's not clear whether the Saudis actually blocked assets. President Bush issued a sweeping order on Sept. 24 to block terrorist assets.

The U.S. government is in a delicate situation in its relationship with Saudi Arabia, a long-standing U.S. ally that is ostensibly a partner in the U.S.-organized anti-terror coalition, but has not cooperated on a number of fronts.

The Saudis won't let their country to be used as a staging ground for attacks into Afghanistan. On more than one occasion they refused to share intelligence on terrorists. Fifteen of the 19 Sept. 11 hijackers were traced back to Saudi Arabia. But by all reports, the Saudis haven't shared information about them.

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