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Saudis Warned G-7 Over Russia Seizures With Debt Sale Threat

Posted on AllSides July 10th, 2024
From The Left
Bandar Aljaloud/Saudi Royal Palace/AP

Saudi Arabia privately hinted earlier this year it might sell some European debt holdings if the Group of Seven decided to seize almost $300 billion of Russia’s frozen assets, people familiar with the matter said.

The kingdom’s finance ministry told some G-7 counterparts of its opposition to the idea, which was meant to support Ukraine, with one person describing it as a veiled threat. The Saudis specifically mentioned debt issued by the French treasury, two of the people said.

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https://www.bloomberg.com/news/articles/2024-07-09/saudi-arabia-veiled-threat-to-g7-over-russia-assets

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