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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.

The kingdom’s holdings of euro and French bonds may amount to tens of billions of euros, but probably aren’t big enough to make a major difference if sold off.

https://www.bloomberg.com/news/articles/2024-07-09/saudi-arabia-veiled-threat-to-g7-over-russia-assets

#Russia #EU #SaudiArabia #G7 #US #France