Tripoli, 10 Oct. (AKI) - Libya has threatened to withdraw seven billion dollars worth of assets held in Swiss banks, cut economic ties and stop supplying the country with oil.

The remarks were made by Libyan state news agency Jana on Friday after what the country claims to be the poor treatment of Libyan diplomats and businessmen.

"Due to the poor treatment a number of Libyan diplomats and businessmen received from the police in the canton of Geneva, the Great Jamahiriyah (Libya) has decided to stop pumping crude oil for Switzerland and withdraw Libyan assets deposited in Swiss banks which are worth 7 billion dollars," said an unnamed foreign ministry source, quoted by state news agency, Jana.

"All forms of economic cooperation with Switzerland will stop until the motives of this bad treatment are made clear," said the statement.

The remarks were made three months after the arrest of Libyan leader Muammar Gaddafi's son, Motassim Bilal, also known as 'Hannibal'.

'Hannibal' and his wife, Aline Skaf, a former model who at the time was nine months pregnant, are alleged to have beaten two servants at a five-star hotel in Geneva.

They were jailed on 15 July for two days and later freed after posting 300,000 euros in bail. 'Hannibal' denied the charges.

According to the Swiss state news agency Swissinfo, Switzerland imports about 20 percent of its oil consumption from Libya, while the North African nation owns one of the country's two oil refineries and 320 filling stations.