SAUDI CRACKDOWN ON CANADA COULD BACKFIRE | WHAT REALLY HAPPENED


SAUDI CRACKDOWN ON CANADA COULD BACKFIRE

“The Saudi leadership wants to drive home a message that it’s fine to invest in Saudi Arabia and bring your money to Saudi Arabia, but that there are red lines that should not be crossed,” Riccardo Fabiani, a geopolitical analyst at Energy Aspects, told Bloomberg, but warned that such strategy could backfire.

Analysts are currently not sure how the feud will unfold, but Aurel Braun, a professor of political science and international relations at the University of Toronto, told Canada’s Global News that Saudi Arabia is unlikely to back down and reverse all its retaliatory measures without getting something back from Canada.

Canadian Prime Minister Justin Trudeau is not apologizing for his country’s call that the Saudis release human rights activists.

“We have respect for their importance in the world and recognize that they have made progress on a number of important issues, but we will, at the same time, continue to speak clearly and firmly on issues of human rights, at home and abroad, wherever we see the need,” Trudeau told a news conference this week.

The economic impact of the Saudi retaliation on Canada is unlikely to be large, but the fact that Saudi Arabia is whipping the oil wealth stick to punish economically what it sees as “blatant” interference with its affairs is sending a message to other countries, and a not-so-positive message to foreign investors.

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