The Group of Seven “likely” abandoned the US plan to expropriate Russia’s frozen central bank assets due to a “veiled threat” from Saudi Arabia, Bloomberg has reported.
The US and UK had been pushing for outright seizure of around $280 billion in Russian sovereign funds, which the West had frozen in 2022 citing the Ukraine conflict.
The EU, where most of the immobilised assets are held, was reluctant to see the euro endangered by the possible backlash.
#SaudiArabia #PutinSupport #MohammedBinSalman #PutinMohammedBinSalman #MBSBiden #G7Putin #G7 #RussianAssets #BidenAdministration #Geopolitics #InternationalRelations #EconomicSanctions #GlobalTensions #SaudiInfluence #FinancialStrategy #RussiaUkraineConflict #DiplomaticMove #MiddleEastPolitics ~HT.178~PR.152~ED.101~GR.124~
