Saudi prince who has invested heavily in US invested $500,000,000 in Russian firms at war onset
BY CHRISTINE DOUGLASS-WILLIAMS
Republished below in full unedited for informational, educational, & research purposes.
America finds itself in an economic nightmare and is in free fall internationally. Foreign countries and even enemies either respected or feared Donald Trump. He was wildly popular in India, which is now tightening its economic ties with Russia, and relations with Saudi Arabia were also warm. Even Putin stated that Trump should be respected for his “democratic mandate.” Joe Biden, on the other hand, is an international joke, as are his woke supporters.
Now news emerges that right before the Russian invasion of Ukraine, Saudi Prince Alwaleed, who has invested heavily in American universities and other institutions, “invested more than $500 million in Russian firms around the time of Moscow’s invasion of Ukraine.”
Following Saudi Arabia, Russia is the world’s largest oil and gas exporter.
Not long after the invasion, Foreign Policy magazine published an article, Biden Should Punish Saudi Arabia for Backing Russia which asserted:
As the United States and its allies stand united against the Russian invasion of Ukraine, Saudi Arabia is siding with Russia. By failing to publicly condemn the invasion and reiterating its commitment to the OPEC+ agreement, the Saudi government exposed cracks in its long-standing partnership with the United States.
But action by the Saudis may not have been due to any “cracks.” One can argue that all countries with alliances that are purely economic, and not based on shared values, will experience inevitable “cracks” in the partnership. The shift in Saudi loyalties has more to do with Joe Biden, as does the shift in India. The Saudi shift, accompanied by Alwaleed’s investment, was an omen for America under Biden: a global realignment is taking place. No one respects America under Joe Biden, except the hopelessly woke.
“Saudi Billionaire Made $500 Million Russia Bet at War Onset,” by Matthew Martin, Bloomberg News, August 15, 2022:
(Bloomberg) — Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian firms around the time of Moscow’s invasion of Ukraine, in a sign of the careful political position the Gulf state has maintained with its OPEC+ partner.
Prince Alwaleed’s investment firm, Kingdom Holding Co., acquired depositary receipts issued by Gazprom PSJC, Lukoil PJSC and Rosneft PJSC in February, according to a stock exchange filing. Russia invaded Ukraine on Feb. 24.
No specific dates for the investments were given, and the Saudi firm didn’t respond to questions about whether it still owned them. The value of all those depositary receipts dropped rapidly after the war began, when trading in Moscow was halted and western sanctions were imposed on Russia.
Alwaleed, whose grandfather was the founder of modern Saudi Arabia, is one of the country’s richest men and most high profile international investors. More recently he has been eclipsed by the kingdom’s sovereign wealth fund, chaired by his cousin, Crown Prince Mohammed bin Salman, which acquired a 16.9% stake in Kingdom Holding Co. in May….