SAUDI'S WARNING TO G7: Saudi Saved $300 Billion Russian Assets from G7
Saudi Arabia, in private, recently warned G7 nations that it might sell off some of the European debt holdings if the G7 group decides to seize $300 billion in Russian assets frozen by the US and other European countries, as reported by Bloomberg.
The Saudi threat also serves as a stark reminder of the Kingdom’s significant financial leverage, with net foreign reserves of $445 billion and a sovereign wealth fund of about $1 trillion in assets.
How did Saudi Arabia's warning to the US and EU save Russia? Is a multipolar world emerging now? Will the US and EU hegemony end soon? What are Saudi Arabia’s intentions behind the warning to the G7?
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