Threats to the G7 were launched or for sale of Europeans if it is finally decided to seize part of Russia’s frozen assets. As reported by Bloomberg, earlier this year Saudi Arabia threatened with retaliation in the bond market if G7 decided to confiscate nearly $300 billion of Russia’s frozen assets. The finance ministry of the kingdom told some of its counterparts to G7 its opposition to the idea, which was intended to support Ukraine, with the sources of the American media describing it as a covert threat. Saudis specifically reported the debt issued by the French Treasury. In May and June, G7 explored various options regarding the capital of the Russian central bank. The group eventually agreed to take advantage of the generated profits from the assets and leave the assets themselves quiet, despite pressure from the US and the United Kingdom to the allies to consider more daring choices, including immediate seizure. Some eurozone member states were opposed to this idea, worrying that it could undermine the common currency. Saudi position probably affected the reluctance of these countries, the sources said. The Saudi kingdom’s holdings in euro and France bonds may amount to tens of billion euros, but they are probably not large enough to make a big difference if sold. European officials are still concerned because other countries may have followed the example of Saudi Arabia. A Saudi official said it is not in the government’s style to make such threats, but that he may have described to G7 members the possible consequences of seizures. Saudi position changed after the G7 states moved on to a proposal that does not expropriate assets, Bloomberg reports.