Putin is not one to mess with....there's more to the Russo/Ukraine war. I don't see Putin as one to make idle threats.
Saudis hint at selling euro bonds if G7 seizes Russian assetsAccording to Bloomberg, Saudi Arabia has unofficially sent a severe warning to the G7 group. The Saudis are threatening that if the West seizes Russia's savings, they will sell off European bonds. Given that these are worth hundreds of billions of euros, such a move would undoubtedly impact the economy.
Bloomberg, citing anonymous sources, reported that the Saudi Ministry of Finance is warning the West against seizing Russian savings held in European accounts. Should this happen, the Saudis would start selling off European bonds.
The decision regarding the Russian money lies with the G7. After the invasion of Ukraine, these funds were frozen—Russia cannot use them. However,
the United States is pushing to permanently deprive the Kremlin of these assets, estimated at around $260-$300 billion.Saudi Arabia's Ministry of Finance has officially denied Bloomberg's reports, asserting that "no such threats have been made." However, the agency insists that Saudi Arabia presented its stance unofficially before the recent G7 meetings. During this gathering, the fate of the frozen Russian funds was discussed.
At the June summit, G7 leaders decided to provide Ukraine $50 billion from the profits of frozen Russian assets held in the EU and G7 countries..................
https://www.msn.com/en-us/money/markets/saudis-hint-at-selling-euro-bonds-if-g7-seizes-russian-assets/ar-BB1pPWxv?ocid=winp1taskbar&cvid=57ea53b6a7d34a3a804319a69e7bd129&ei=7
