‘They’re not a good match’: US officials warn of ‘crippling’ economic consequences for Saudi Arabia
The U.S. has warned of “cripple” economic consequences if Saudi Arabia imposes sanctions on Israel, a major ally in the Middle East, after Israel imposed an economic embargo on the kingdom.
“It is a matter of grave concern for the United States that the Saudi regime has imposed a ban on goods from the Kingdom and a temporary ban on the importation of foodstuffs,” U.N. Secretary-General Antonio Guterres said in a statement Tuesday.
Saudi Arabia has also banned the import of all foreign investment and has imposed strict economic controls on its economy.
“We will not allow the Kingdom to remain isolated and isolated from the rest of the world,” Guterre said.
The Saudi government said Tuesday that it will not impose any sanctions against Israel as long as the kingdom does not interfere with the implementation of a regional peace deal between Israel and the Palestinians.
The two countries have been negotiating a regional deal that would see the Palestinians declare an independent state in the West Bank and East Jerusalem and that Israel relinquish control of the West Jerusalem enclave to the Palestinians as part of a peace deal.
The Israeli government, which considers the two-state solution as a stumbling block to achieving a comprehensive peace deal, has said it is prepared to allow a “full and fair” negotiations process to determine how to settle the dispute.
and other allies of Israel have been pushing for a “peaceful resolution” to the Palestinian-Israeli conflict, including the establishment of a Palestinian state with East Jerusalem as its capital.
Saudi Foreign Minister Adel al-Jubeir said in an interview with Reuters that he believed the United Nations would eventually make a decision on the Saudi-Palestinian peace process, and warned that any attempt to impose a boycott on Saudi Arabia would be met with “cannibalism.”
He said the kingdom would continue to cooperate with the international community in its effort to achieve a negotiated peace, and added that the United Arab Emirates, Jordan and Qatar would work together to push for a diplomatic solution.