As the world grapples with the ongoing conflict in Ukraine and the subsequent sanctions imposed on Russia, a new voice has joined the fray. Saudi Arabia has recently warned the G7 nations against the idea of seizing Russian sovereign assets, estimated to be around $300 billion. This blog post will delve into the implications of such a move and the potential consequences it may have on the global economy. Before we begin, let’s first understand the context of this warning. The G7 nations, which include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, have been contemplating…
Economy / FinanceEuropeMiddle EastPoliticsRussia
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