Alwaght- Saudi Arabia has warned to sell off American assets which worth 750billion USD in case the Congress passes a bill allowing the Regime to be held responsible for the 9/11 terrorist attacks.
During a visit to Washington last month, Saudi Foreign Minister, Adel al-Jubeir, addressed the Obama administration and members of Congress threatening them of the potential sale of treasury securities and other American assets, The New York Times reported on Saturday.
The newspaper said Riyadh's resolve to actually deliver on the threat is dubious, since selling off those assets would be technically challenging and would damage the dollar, against which the Saudi national currency is pegged.
The Obama administration is opposing the bill, saying it would make foreign nations retaliate by passing similar legislation and target American citizens and corporations in their national courts. US Secretary of State John Kerry told a Senate panel in February that the bill, in its current form, would “expose the United States of America to lawsuits and take away our sovereign immunity and create a terrible precedent.”
“It’s stunning to think that our government would back the Saudis over its own citizens,” said Mindy Kleinberg, whose husband died in the World Trade Center on September 11, 2001. She is part of a group of victims’ family members pushing for the legislation.
If the Republican-dominated Congress passed the bill, American courts could order freezing the assets held by Saudi Arabia in the United States.
President Obama is expected to visit Riyadh next week. It’s not clear whether the issue will be discussed during the visit.
