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Crown prince's actions in Khashoggi killing leave Saudi fund vulnerable, ex-Obama official says - CNBC

Crown prince's actions in Khashoggi killing leave Saudi fund vulnerable, ex-Obama official says - CNBC

Crown prince's actions in Khashoggi killing leave Saudi fund vulnerable, ex-Obama official says - CNBC
Feb 26, 2021 58 secs

The Saudi crown prince's actions in the killing of journalist Jamal Khashoggi might have left the kingdom's sovereign wealth fund vulnerable to consequences, according to a former leading diplomat in the Obama administration.

The Biden administration on Friday released a previously classified intelligence report that assessed Mohammed bin Salman of Saudi Arabia approved the plan to assassinate Khashoggi in 2018.

The Saudi sovereign wealth fund, known as the Public Investment Fund, is chaired by MBS.

The Global Magnitsky Human Rights Accountability Act authorizes the president to impose economic sanctions, freeze any U.S.

The Public Investment Fund has more than $360 billion in assets, and ranks as the eighth-largest sovereign wealth fund in the world, based on total assets.

Rubin told CNBC that his domestic political critics will see the exposure of the Public Investment Fund to potential sanction as another sign of his recklessness and willingness to both risk Saudi assets and put the country in international crosshairs for his personal agenda. .

"The international private sector, which initially shunned Saudi Arabia after the killing of Khashoggi, will also view this as another public relations setback for engagements with Saudi," Rubin said

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