首页 News 正文

Saudi Arabia reportedly "threatened" to sell European bonds and pressure G7 to abandon confiscation of Russian assets

凉亭之中净
1207 0 0

According to media reports, insiders revealed that Saudi Arabia had privately hinted earlier this year that if the Group of Seven (G7) decided to confiscate Russia's nearly $300 billion frozen assets, it may sell off some of its holdings of European bonds.
According to insiders, the Saudi Ministry of Finance has expressed its opposition to the confiscation of Russian assets to some G7 finance ministers. A person familiar with the matter described this as a "subtle threat," and two sources said that the Saudi side also specifically mentioned bonds issued by the French Ministry of Finance.
Statistics show that since the outbreak of the Russia-Ukraine conflict in 2022, the G7 member states and the EU have frozen a total of about 325 billion dollars of Russian assets. According to other data, approximately $228 billion of Russia's overseas assets are located in the European Union.
In May and June of this year, while exploring the use of Russian assets to support Ukraine in the G7, the United States and the United Kingdom encouraged EU countries to confiscate these assets. But some Eurozone member countries are concerned about retaliation from Russia, which may also lead to other countries withdrawing their assets in Europe, thereby damaging the euro.
In the end, G7 decided to use the interest on frozen Russian assets as collateral to provide Ukraine with a $50 billion loan. Insiders suggest that Saudi Arabia's stance may have influenced the thinking of these eurozone countries.
In response, the Saudi Ministry of Finance stated in a statement that "there has been no such threat" and emphasized that "our relationship with the G7 and other countries is mutual respect." A Saudi official stated that this threat is not in the government's style.
It is understood that the euro bonds and French bonds held by Saudi Arabia may be as high as tens of billions of euros. If they are sold, they may not have a significant impact. But European officials are still concerned that other countries may follow Saudi Arabia's approach.
One of the insiders stated that Saudi Arabia's position has changed after the G7 decided not to confiscate Russian assets. On the 27th of last month, Saudi Crown Prince and Prime Minister Mohammad met with Ukrainian President Zelensky in the capital Riyadh. The two sides discussed the latest developments in Saudi Arabia Ukraine relations and the Russia Ukraine crisis.
According to insiders, the main motivation behind Saudi Arabia's move is currently unclear. However, analysis suggests that Saudi Arabia has demonstrated its growing influence in the international community, reflecting that the country is accelerating its strategic autonomy and aiming to become a regional power with global influence.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
    caffycat
    9 小时前
    支持
    反对
    回复
    收藏
  •   每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
    star8699
    前天 19:48
    支持
    反对
    回复
    收藏
  •   上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
    goodfriendboy
    前天 20:09
    支持
    反对
    回复
    收藏
  •   人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
    3233340
    3 小时前
    支持
    反对
    回复
    收藏
凉亭之中净 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    1