Sadovian Arabia has threatened to sell off EU debt securities while confiscating Russian assets
Saudi Arabia has threatened the European Union that it will sell off its debt securities if Russia's assets in the West are confiscated. This is reported by RIA Novosti.
It is stated that the EU has been given a «clear signal» about the need to comply with international law. The Saudi Arabian Finance Ministry said that it does not support such measures.
In an interview with Bloomberg, representatives of the department said that relations between the kingdom and the G7 countries are based on mutual respect. It is stated that the dialogue on issues that promote growth and increase the stability of the international financial system will be continued.
Earlier, Bloomberg reported that Saudi Arabia «hinted» at the beginning of the year that it could sell part of the European debt obligations if the G7 countries decide to confiscate the frozen assets of the Russian Federation, which are estimated at almost 300 billion dollars.
Experts commented on what such statements could lead to for MK. Thus, expert Alexander Shneiderman stated that this is not the first statement by the Saudis. He noted that the threat to sell part of the European obligations came from the Ministry of Finance, while the Kingdom's Foreign Ministry denies their existence.
He added that this is not the first case of such «political and economic blackmail» on the part of Saudi Arabia.