Saudi Arabia selling off Canadian assets: FT

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"Saudi Arabia simply can not afford to alienate any other sections of the global community in the midst of its unpopular military engagement in Yemen, its indirect confrontation with Iran", commentator Jamal Khashoggi wrote in the Washington Post.

Jubeir added that Saudi Arabia was "considering additional measures" against Canada, without elaborating.

Saudi Arabia has also stopped all medical treatment programs in Canada and is working on transferring all Saudi patients there to other countries, state media said Wednesday.

The Saudi sell-off of Canadian assets began on Tuesday, the Financial Times reported - the same day that market watchers reported a sell-off of Canadian assets from an unknown worldwide dealer.

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In a statement posted on the ministry's website, Maria Zakharova, Director of Information and Press Department of the Ministry of Foreign Affairs of the Russian Federation said: "We strongly and firmly support the promotion of universal human rights, with the necessity of keeping in mind national characteristics and traditions of countries, which have crystallized over a long period of time". The selling began on Tuesday, it said.

"We've been pretty clear in our dealings around the world and specifically in Saudi Arabia that we know that it's important that we bring Canadian values around the world". The loonie dropped slightly against the USA dollar, trading at 76.5 cents U.S. The country's state airline announced it is suspending operations to Canada, and the Saudis government is withdrawing more than 15,000 Saudi students from Canadian schools. " It subsequently froze all new trade agreements with Canada and gave the Canadian ambassador to Riyadh 24 hours to leave. Therefore, Canada must correct its actions towards the kingdom". That will remove an estimated $2 billion in investment from Canada.

"We are always going to speak up for human rights, we are always going to speak up for women's rights and that is not going to change", Freeland said Monday.

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