The Kremlin responded to the Saudi threat to the G7 over the confiscation of Russian assets

Attempts to seize Russian assets would damage the international financial system and “will make many large and rich countries think about the fate of their holdings abroad,” said Russian presidential spokesman Dmitry Peskov. He commented on data that Saudi Arabia may sell part of European debt obligations if the G7 countries decide to confiscate almost $300 billion of frozen Russian assets.

“We said a long time ago that illegal attempts to rob the Russian Federation and in one way or another, directly or indirectly, expropriate our holdings one way or another will lead to enormous damage to the international financial system and will make many large and rich countries think about the fate of their holdings abroad.” “, Peskov said ( quoted by TASS ).

Bloomberg reported in early June that Saudi Arabian authorities have expressed to some G7 countries their disagreement with the idea of ​​using Russian assets to help Ukraine . One of the publication's sources called it a veiled threat. The country's Foreign Ministry said in a comment to the agency that there were no such threats.

As Bloomberg notes, the kingdom's holdings of euros and French bonds could amount to tens of billions of euros, but these amounts are not large enough to make a "big difference" if they were sold.