Saudi Arabia Threatens G7 Debt Sale Over Russian Asset Confiscation
15.07.2024 13:21
Saudi Arabia may sell some of its European debt.
This could happen if the G7 countries continue to act with the frozen assets of the Russian Federation.
Saudi Arabia has expressed its disagreement with the proposed confiscation of Russian assets worth about $300 billion, Bloomberg reported on Tuesday.
The Kingdom has large assets in euros and French bonds worth billions of euros.
Experts say Saudi assets may not be enough to destabilize the stock market.
Still, Saudi Arabia's announcement has raised concerns among European officials about a possible "domino effect."
