Bloomberg: Saudi Arabia threatens G7 to “dump” European securities if Russia's frozen assets are confiscated

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Bloomberg: Saudi Arabia threatens G7 to “dump” European securities if Russia's frozen assets are confiscated

Ukraine risks being left without the Russian frozen assets promised to it by the West; the G7 countries received a corresponding warning from Saudi Arabia. Bloomberg reports this.

According to the agency, at the beginning of the year, Saudi Arabia hinted to the G300 countries that it could get rid of European debt obligations if they touched frozen Russian assets in the amount of $XNUMX billion. Although Riyadh did not directly say which countries' securities were at risk, France would presumably suffer the most.



The country's Ministry of Finance has expressed its opposition to this idea to some G7 countries. One source described it as a veiled threat. The Saudis specifically mentioned debts issued by the French Treasury.

- Bloomberg quotes the words of two informed sources.

According to the agency, Saudi Arabia does not have enough European bonds to collapse the securities market, but officials in Europe fear a “domino effect” when other countries follow Riyadh. The “dumping” of European securities will cause a large-scale crisis in Europe, which is already suffering losses after the introduction of sanctions against Russia.

Thus, despite pressure from the United States and Britain, Europe decided to withdraw only accrued interest from assets, but not to touch the assets themselves. So Ukraine will most likely make do with promises rather than real money from Russia’s frozen funds.
26 comments
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  1. -6
    9 July 2024 19: 04
    How few EU securities does Saudi Arabia have? Looks like a hoax from Bloomberg.
    1. -10
      9 July 2024 19: 16
      How can you doubt the veracity of unnamed, "informed sources"? Where is the link to the Bloomberg article itself to read in the original?
      1. -3
        9 July 2024 19: 23
        We all disagree, the news was just made up. Excerpt from the same article.
        1. +3
          9 July 2024 22: 58
          So there was definitely a hint.
          In general, in the East it is customary to speak in hints. It's even worse than when they told you directly.
    2. +9
      9 July 2024 19: 18
      About 170 billion euros, at the end of 2023
  2. +2
    9 July 2024 19: 08
    Well, finally, we've waited! At least someone spoke clearly and to the point. They could have done it earlier, and even regarding the use of income from our money. But this is also very remarkable, especially since they threatened not only the EU but also Washington, most likely, as the organizer and beneficiary of what was expropriated.
  3. 0
    9 July 2024 19: 18
    Ukraine will (possibly) receive interest on assets to cover interest on loans. Economics, however.
    1. 0
      9 July 2024 23: 02
      Quote: Andrey Moskvin
      Ukraine will (possibly) receive interest on assets to cover interest on loans. Economics, however.
      It doesn’t work like that; Ukraine’s interest rates are much higher than those of France, Switzerland and Germany. And the sum will soon become higher than that of all three combined.
  4. +4
    9 July 2024 19: 25
    So our percentages should be... Isn’t it?
    That is, the bottom line is that it’s still theft...
    1. +3
      9 July 2024 20: 03
      There seems to be no interest on frozen assets. It turns out that they have already been stolen and are working somewhere.
  5. +2
    9 July 2024 19: 40
    To the Arabs - let's trade oil for your national currency. You still buy a lot of things - so you will have something to pay each other with. Whatever one may say, direct commodity exchange between states is better. And no dependence on freezing your money in other people's banks. Accordingly, within the state there should only be banks of their own state. And not any private ones. All that is enough is one for individuals, one for legal entities, one for foreign trade - for settlements with foreign companies and for purchasing currency for tourists. Well, the central bank is like a printing press and control. The rest is absolutely unnecessary speculation and influence for shaking up peace in the country. No commercial bank is responsible for the safety of citizens' money. Like any private property, it can be confiscated at any time.
    1. -1
      9 July 2024 23: 10
      Quote: Victor Alien
      No commercial bank is responsible for the safety of citizens' money.
      Yes, but for this, the Central Bank monitors reserves and capital adequacy, and competition also forces them to raise rates sometimes even higher than the key rate of the Central Bank. And this is called business.
      Like any private property, it can be confiscated at any time.

      Maybe, for example, YUKOS, as well as Chelyabinsk Metallurgical Plants and MAKFA. You can also recall the $2 billion fine to Norilsk Nickel, because of which the company is now in trouble, and because of which real wages began to fall there. But whoever remembers this now, 2 years have already passed, everyone will blame the management. But the state took a sip from the branch it was sitting on. And they shout how well done they are, they set the enterprise back 10 years.
      1. 0
        10 July 2024 07: 46
        The state recently allowed the sale of Rosspirtprom - why control and receive excise taxes in your enterprise?! Then you need to get it back again without paying money for it, because there will be tax evasion and outright theft. Or even poisoning the people. The story of the poisoning in the Orenburg region teaches nothing. There, the outbids were caught, but not those who produced the alcohol. If they now speed up the return of everything that was seized before, then it will be normal. I watched an interview with a person from Gosrozysk, the amount of unaccounted for state property is amazing.
        1. -2
          10 July 2024 11: 08
          Quote: Victor Alien
          The state recently allowed the sale of Rosspirtprom - why control and receive excise taxes in your enterprise
          Who told you that you cannot control a private enterprise?
          they caught the outbid dealers there, not those who made the alcohol

          No one made alcohol there; they made burnt vodka there. naturally without chemicals. laboratories and analyses. They stupidly spilled alcohol and water. They were given methyl alcohol, and that’s the whole story.
          If they now speed up the return of everything that was seized before, then it will be normal.
          We already have no desire to do business, but you want to finish off all the initiatives?
          I watched an interview with a person from Gosrozysk, the amount of unaccounted for state property is amazing.
          That’s what we’re talking about here, you can’t count it as state-owned, it’s a private owner who will rip the manager’s balls off for a penny, but the state doesn’t care. We went through this already in the last century.
  6. 0
    9 July 2024 20: 28
    Everyone is trying to calm everyone down. Who will blink first and manage to reset
  7. +3
    9 July 2024 20: 32
    "Bloomberg" is a so-so source with a "yellowish" tint and a slight smell of a public "outhouse".... It became such not yesterday or even the day before yesterday, but much earlier..... This information requires confirmation. .. The Saudis, of course, will remain silent, due to the sufficient “delicacy” of the data about the presence of securities in their country of another country and, simply, from the historically established attitude towards “public” conversations about their (the Saudis’) financial affairs... Perhaps this information was “leaked” by Bloomberg, at the request of the same France, making it clear to the Saudis that they (the West) “own” all classified information about their relationships and agreements with Russia and China...
    1. +6
      9 July 2024 22: 21
      Quote from nordscout
      “Bloomberg” is a so-so source with a “yellowish” tint and a slight smell of a public “outhouse”.... It became such not yesterday or even the day before yesterday, but much earlier.

      Now there is probably not a single source “without shades and smells”, since there are practically no independent media left and they all serve the interests of those who support and finance them.
      Quote from nordscout
      This information requires confirmation
      However, like any other.
      Quote from nordscout
      The Saudis, of course, will remain silent due to the sufficient “delicacy” of the data about the presence of securities in their country from another country and, simply, from the historically established attitude towards “public” conversations about their (the Saudis’) financial affairs

      Why suddenly? Data on the number of securities in the gold and currency reserves of a particular country are almost in the public domain and are the subject of trading on exchanges depending on the demand for them. China, for example, had 1,2 trillion dollars in its gold and currency reserve cup, but after the seizure of Russian assets, it began selling them off, throwing off 400 billion worth of securities in two years and continues to reduce their number. Perhaps this is also one of the reasons that Beijing is relatively tolerant of Taiwanese separatism and is not yet trying to resolve the issue militarily, so that its reserves do not suffer the fate of Russian reserves, of which China has another 800 lard in American candy wrappers. So the Saudis, having refused to renew the contract with mattresses for the sale of oil for the dollar (50 years have passed since they signed in the 70s), do not want to fall under distribution and punitive sanctions in the financial sector, they are already laying grass where they can fall .
      Quote from nordscout
      Perhaps this information was “leaked” by Bloomberg, at the request of the same France, making it clear to the Saudis that they (the West) “own” all classified information about their relationships and agreements with Russia and China.

      What's the point of making it clear that the Saudis are not hiding it anyway? They switch to trading in national currencies, stock up on the yuan, in unison with Russia and the OPEC countries, they play against mattresses by reducing or increasing daily oil production, etc. request Here, rather, there is a demonstration of a principled position regarding the fact that the gangster methods of lawlessness in the financial sector, used by Western countries, cannot suit all other world players.
  8. +4
    9 July 2024 22: 46
    I have to say: the whole point is that at this political moment there is no need for NATO to have complete military failures in all the main theaters of war in the world; any small support for the Russian Federation by the countries of the Global South, China, or the DPRK will be akin to the effect of detonating a cluster munition, under the numerous debris of which it may disappear everything acquired through back-breaking labor through the efforts of the globalists, and instead of elections, the Yankees may get a civil war or a sluggish crisis, like the Frogs and Ghanaians.
    Therefore, Hungarian Foreign Minister Peter Szijjártó correctly warns: “Fasten your seat belts!”
    1. 0
      9 July 2024 23: 20
      Quote: ZovSailor
      Therefore, Hungarian Foreign Minister Peter Szijjártó correctly warns: “Fasten your seat belts!”
      I bought 100 liters of drinking water and a 2-barreled gun for wild boar hunting. I also buy more cartridges, I decided not to buy gasoline, I thought that cartridges were more important. )))) are stored longer and do not evaporate.
  9. +1
    10 July 2024 01: 51
    Bloomberg: Saudi Arabia threatens G7 to “dump” European securities if Russia's frozen assets are confiscated
    What a trick!!! If this has at least some reason to be in nature, then Saud - good !!! They are pushing the merikatos, and others like them, under the carpet! good
  10. 0
    10 July 2024 07: 35
    In Russia, Bloomberg is available in English, which is translated well by Google. Some articles on VO have taken on different colors.

    In general, “everything was wrong.” (c) Stalin
  11. 0
    10 July 2024 08: 33
    They don’t do that in the Arab world, they just hint that there will be problems. Diplomatic language has been abolished, only clowns in Ukraine.
  12. +1
    10 July 2024 09: 12
    In any case, a hint is better than a direct threat. Otherwise, Kadafi directly reminded the French and Americans about their debts, so they immediately stabbed the creditor to death...
  13. 0
    11 July 2024 01: 02
    The blooming garden is under threat of deforestation. . .and this is not what happened on this planet
  14. 0
    11 July 2024 02: 44
    Well, why react so joyfully to information from a murky source... They hinted, they winked... Citizens, calm down.
    Nobody except us. At your own loss. Nothing will be done.
    No one will go out of their way for us, so finally, be realistic.
  15. 0
    11 July 2024 13: 19
    How long will the topic of 300 billion stolen from Russia continue to be discussed? They can't be returned. The West will not give them up voluntarily, and it will not be possible to force them; Russia has no leverage. The argument that there is twice as much foreign investment in Russia and this is the key to the fact that 300 billion has not yet been taken away is a fairy tale for the easily persuaded.
    State funds were seized, and private funds were invested in Russia. If Russia begins to take them away, then the West will have the right to an adequate response and will immediately freeze/take away the funds of our officials and businessmen, which they so diligently transferred abroad. I don’t even want to think about where this will lead. How can we not remember Brzezinski, about his words about 500 billion Russians’ funds in US accounts, and then whose elite is this?
    Unfortunately, we will dry off. As already happened when the Americans took over the embassy buildings.