This is how Bin Salman saved Putin from the jaws of Europe..It's time to pay back the debt, bear! |
I am with you, whoever thought that what Putin and Bin Salman were doing was
just meetings, handshakes, and smiles for the camera, every day that passes tells
him that he should have looked more closely. However, the last thing he should
have looked into or read its lines and what is between them, and even what has
not yet been written, is that Saudi Arabia, according to Western reports, headed by
the Bloomberg report saved Russia from a European move that would have swept
Putin was away and broke his back. The essence of this is that the Kingdom of
Saudi Arabia warned the Group of Seven (G7) countries against confiscating
Russian
assets estimated at three hundred billion dollars, as the secretive Gulf Arab
kingdom hinted that it might sell some of its European debts if the previous group
decided to go ahead with plans to seize Moscow’s money. The Saudis even
specifically mentioned the debts issued by the French Treasury. Of course, the
Europeans, who know that a significant portion of their necks are now in Riyadh’s
hands did not have to recalculate and think things through. Although the Kingdom
of Saudi Arabia came out in a statement to say that it did not face such threats,
one of the Saudi officials, according to Western reports, returned to build A clearer
picture of accountability when he said that it is not the Saudi way to launch such
threats, but it clarified to the members of the G7 the final consequences, which is
the confiscation of funds.
Thanks to this, the G7 procedure has changed and is presenting a new proposal
that excludes the confiscation of Russian assets, as the leaders of the G7 agreed on
a plan through which Ukraine can be provided with about $ 50 billion, to be paid
using the profits resulting from investing frozen Russian funds, which means that
the matter has changed from seizing Moscow's money just to invest in it. Now we
understand things more. We must know the size of the force that Riyadh
threatened with and why it did this. Is it out of interest or to support the new ally
, Putin?
We must also know the option that the West went to, holding the stick in the
middle, and let the beginning be by looking at the size of Saudi assets in Western
economies. Although Bloomberg says that Saudi assets are not large enough to
undermine the economy of the European Union or the United States, many
experts confirm that the countries of the Middle East, led by Saudi Arabia and the
Emirates enjoy influence that goes far beyond the limits that appear to them.
While Saudi Arabia has not disclosed the number of bonds purchased from
Western countries, official data issued by Washington confirms that the Kingdom's
investments in US Treasury bonds until March of the year 2024 reached $135.9
billion. As for Europe, it can simply be said that sports are one of the main
creditors of France, as the Kingdom's holdings of euros and French bonds are
estimated at tens of billions, while the Gulf Arab Business Vision platform A G B
says that Gulf investors own assets in France worth $15.1 billion. We can remember
what happened last June at the Paris Forum when France and Saudi Arabia signed
investment agreements worth $2.9 billion. If we gather to analyze the economic
research centers, we can see how Saudi investments, along with the Gulf Arab
states, in the economies of Western countries are not related to securities only.
Here, of course, we are talking about large Saudi and Gulf investments in football
clubs, energy companies, and a number of other fields. If we speak in terms of
numbers from this perspective, then the value of open Saudi investments alone is
close to a trillion dollars. Of course, here we are still not talking about what
economists call hidden or undeclared investments. If they are revealed and added,
this number exceeds the announced limits by large margins. Now, let us not move
together to talk about the reason that made the West reconsider its calculations
and move from the plan to seize Russia's money to investment Here, analysts and
economic experts say that the matter can be seen from the same point of view
that
many central banks, corporate investors, and securities owners oppose sanctions
war because this war could lead to the collapse of the European Union economy,
causing a sharp decline in the value of the euro, creating a lack of
confidence among investors after any punitive action by any party or country will
naturally lead to a significant reduction in demand for the euro. Thus, economic
research and analysis centers see that if government and commercial funds begin
to get rid of euro-denominated securities, this will lead to a sharp decline in the
value of the European currency. Hence, what can be said is that Saudi Arabia's
hints at selling European bonds in one of its aspects may have confirmed that the
Saudis do not want to allow the confiscation competition for fear of the safety of
their private funds in Europe and the United States. Also, everyone's realization
today that Donald Trump may return to power in the United States means that
everyone also knows exactly what he is capable of doing by imposing restrictions
on the assets of any country that he believes does not pay America as it should,
as well as the political tremors in Europe, whether with the rise of the far right in
some countries such as France and then its decline in favor of the Syrians, in
addition to the arrival of the leftists to power In Britain, all of this imposes
scenarios of uncertainty and undermines confidence. It is clear that the political
element in this issue poses risks to Saudi Arabia, China, and other major investors.
This is why we find Western reports today talking at length about Saudi Arabia’s
proximity to Russia, including the Spanish newspaper, which saw that Saudi
Arabia’s plans to sell assets in the European Union indicate a shift towards Russia,
and that Saudi views on what is happening in the world have become closer to
Moscow than to the United States or Europe at the present time. What confirms
this, according to Western reports, is how the Saudi authorities refused in January
2023 to sell their oil in dollars and expressed their readiness to switch to payments
in another currency, such as the Chinese yuan. Today, all that The West fears is that
any Saudi move will cause a domino effect on the part of other countries in the
non-Western world.
In the end, it can be said that even if it is not clear whether Saudi Arabia acted out
of self-interest, fearing that the takeover would set a precedent that could be used
against other countries in the future, or whether it was a kind of solidarity with
Russia, it can be said that Riyadh, which maintains its strategic alliance with
America and the West at the same time have become a good ally of Russia and
China has begun to move in a way that confirms its growing influence on the world
stage. As for the Russians, they see in all this, according to their officials, that the
Saudi move has become evidence of the independence of the Kingdom of Saudi
Arabia from the West. The Saudis were simply, as Moscow sees it, worried about
their assets because they realize that if they stole from us today, or tomorrow they
would steal from them.