"Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear." -- Harry S. Truman

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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, Report informs via Bloomberg.

Saudi Arabia’s Crown Prince Mohammed bin Salman held a phone call with Iran’s President-elect Masoud Pezeshkian, congratulating him on his recent election victory, the Saudi Press Agency reported on Wednesday.

The Crown Prince and Pezeshkian “praised the development of relations between the two countries at various levels, stressing the importance of continuing to enhance cooperation in various fields,” SPA said.

The Group of Seven “likely” abandoned the US plan to expropriate Russia’s frozen central bank assets due to a “veiled threat” from Saudi Arabia, Bloomberg has reported.

The US and UK had been pushing for outright seizure of around $280 billion in Russian sovereign funds, which the West had frozen in 2022 citing the Ukraine conflict. The EU, where most of the immobilized assets are held, was reluctant to see the euro endangered by the possible backlash.

Saudi Arabia's foreign minister is calling for sanctions to be imposed on Israeli officials over their country's violations of international law in Gaza.

Saudi Arabia's king and crown prince congratulated Masoud Pezeshkian on his election as Iran's president, state news agency SPA reported on Saturday.

"I affirm my keenness on developing and deepening the relations between our countries and people and serve our mutual interests," SPA quoted Saudi Crown Prince Mohammed bin Salman as saying.

Webmaster addition: Looks like the US/Israel plan to isolate Iran has failed!