“Saudis Warned G-7 Over Russia Seizures With Debt Sale Threat”
July 12, 2024
“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…
In May and June, the G-7 was exploring different options regarding the Russian central bank’s blocked funds, most of which sit in Europe. The group eventually agreed to tap the profits generated and leave the assets themselves alone despite a US and UK push for allies to consider bolder options, including a direct seizure. Some euro-member nations were against that idea, concerned it could undermine the currency…”
People refusing to do business with someone because they robothers is not a threat. The G-7 steals Russian assets then expect other countries to carry on as normal. No. They not stupid. Doing business with thieves is not a good investment strategy.