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.
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
I don’t really see why you’d classify Saudis and Russia as frenemies. They don’t really have much of anything to have disputes over and plenty of common interests.
the enemy of my enemy is my friend… or maybe frenemy in this case
I don’t really see why you’d classify Saudis and Russia as frenemies. They don’t really have much of anything to have disputes over and plenty of common interests.
frenemies refers to the saudis and the us/eu
Oh yeah, that’s definitely a tense relationship.
They compete for oil buyers. And Russia is close to Iran. Pretty sure Saudi is acting out of self-interest here.
Russia and Saudis are both in OPEC, and Saudis have recently restarted relations with Iran with Chinese mediation.