2018-08-08 16:01:03 UTC
Saudi Arabia is selling off its Canadian assets as row intensifies, report
a.. Saudi Arabia has been selling Canadian assets since Tuesday, according
to a report.
a.. Riyadh is angry at Canada's demand that two women's rights activists be
released from jail.
a.. Canada has said it will "always stand up for human rights."
Saudi Arabia's diplomatic spat with Canada looks set to escalate following a
report that the Middle Eastern country has instructed its brokers to sell
Anger between the two countries erupted last week when Canadian officials
urged Riyadh to "immediately release" women's rights activists Samar Badawi
and Nassima al-Sadah.
Now the Financial Times has reported that the Saudi central bank and state
pension funds have instructed third party asset managers to sell Canadian
bonds, stocks and cash. The selling is said to have begun on Tuesday.
In a sign of its rage, Saudi Arabia has already expelled the Canadian
ambassador, frozen trade and investment between Riyadh and Ottawa and halted
flights to and from Canada.
Saudi rulers have also stopped all medical treatment programs in Canada and
are coordinating for the transfer of all Saudi patients currently receiving
care in Canadian hospitals to be moved outside of the country.
Canada's Foreign Minister Chrystia Freeland said Monday that "Canada will
always stand up for human rights in Canada and around the world, and women's
rights are human rights."
But on Wednesday, Saudi Arabia's foreign minister said there was nothing to
mediate between the two countries and that Canada knew what it needed to do
to "fix its big mistake."
So far, the United States has said only that it will not intervene between
the two countries.
For more on the diplomatic row between Canada and Saudi Arabia, click here.