Politics

Saudis Play Hardball With Their Checkbook by Bashing Canada

  • Saudi measures include asset sales, freezing of new deals
  • U.S. is trying to convince the Saudis not to escalate
Bloomberg’s Alaa Shahine reports on Saudi Arabia’s dispute.(Source: Bloomberg)
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For Saudi Arabia, a new version of checkbook diplomacy is taking shape.

The kingdom used to pursue a behind-the-scenes foreign policy, deploying its oil wealth as a carrot. Crown Prince Mohammed Bin Salman is ready to wield it like a stick.