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The Kingdom of Saudi Arabia threatened European leaders at the recent G7 meeting with the massive sale of European securities if the West moves to confiscate over $300 billion in Russian assets to inject money into the Ukrainian conflict.
Selling European debt at scale would likely collapse national economies.
The Russian-owned securities held at Western banks for collateral were frozen but the underlying ownership was not yet altered.
Seizing the assets would be a sea change in how sanctions are applied globally.
The incident shows the growing financial power of the BRICS nations in the face of Western (cabal controlled) financial irresponsibility.
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