Saudi Arabia threatens to sell off US assets if held responsible for 9/11

Saudi foreign minister says they will be forced to sell up to $750 billion in Treasury securities and other assets


Reuters April 17, 2016
PHOTO: REUTERS

The Saudi Arabian government has threatened to sell of hundreds of billions of dollars' worth of American assets should the US Congress pass a bill that could hold the kingdom responsible for any role in the September 11, 2001 attacks, the New York Times reported on Friday.

The newspaper reported that Saudi foreign minister Adel al-Jubeir told US lawmakers last month that "Saudi Arabia would be forced to sell up to $750 billion in Treasury securities and other assets in the United States before they could be in danger of being frozen by American courts."

Saudis elect 17 women in landmark local council polls

The bill, which passed the Senate Judiciary Committee earlier this year, would take away immunity from foreign governments in cases "arising from a terrorist attack that kills an American on American soil."

The New York Times, citing administration officials and congressional aides, said "the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon."

It added that the Obama administration had lobbied Congress to block the passage of the bill.

The State Department said it stood "firmly with the victims of these acts of violence and their loved ones."

"We remain committed to bringing to justice terrorists and those who use terrorism to advance their depraved ideology," said State Department spokesperson John Kirby.

Three female chauffeurs awarded $130,000 after being fired by Saudi royal

In September a US judge dismissed claims against Saudi Arabia by families of victims of the attacks, saying that the kingdom had sovereign immunity from damage claims by the families and from insurers that covered losses suffered by building owners and businesses.

E-Publications

Most Read

COMMENTS (31)

M.S. | 5 years ago | Reply @Point: American didn't go away freely. He paid millions as per laws of Qisas and De'et. His freedom was approved by court of law with help of Pakistan government.
Bigots Quasher | 5 years ago | Reply Americans propped them, the Sauds, and Americans need to save the world from this medieval kingdom, which has committed atrocities in the name of Islam and murdered thousands of innocent people. They are inhumane, self-obsessed manipulators. Trust me no one will miss them.
VIEW MORE COMMENTS
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ