The G7 currently agreed, after urging and veiled threats from Saudi Arabia, that it would only use the interest from the frozen Russian assets rather than confiscating the assets themselves.
The important quote here
this post was submitted on 23 Jul 2024
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Bummer. It refers to this old SA gem:
Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets – Bloomberg
Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.
https://www.kyivpost.com/post/35611
I guess Saudi Arabia and Russia are still tight
I feel the Saudis should be made to carry through their threat - the wind has shifted and they should be made to choose now.