Saudi Arabia has threatened the European Union that it will sell Western bonds if the G7 countries confiscate $300 billion in Russian assets —Bloomberg
The publication's source called it a “veiled threat.” The Saudis specifically mentioned debt issued by the French Treasury.
The kingdom's holdings of euros and French bonds could amount to tens of billions of euros. That's not much, but European officials are concerned that other countries might then follow Saudi Arabia's lead.
