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.
  • eldavi@lemmy.ml
    5·
    4 months ago

    It was unclear, said the people, if Saudi Arabia acted out of self-interest — fearing a seizure would set a precedent that could be used against other countries in future — or in solidarity with Russia.

    the enemy of my enemy is my friend… or maybe frenemy in this case