Published on Apr 18, 2016
Riyadh has warned Washington that it will sell off hundreds of billions of dollars’ worth of assets in the US if congress passes a bill which allows the Saudi government to be held responsible in connection with the 9/11 attacks. Saudi Arabia says it will be forced to sell up to 750 billion dollars in treasury securities and other assets in the United States in order to prevent them from being frozen by American courts. US government officials have reportedly lobbied with senators to block the bill’s passage. They have warned Congress of diplomatic and economic fallout from the legislation. President Barack Obama is expected to visit Riyadh next week. It’s not clear whether the issue will be discussed during the visit.