The G7 currently agreed, after urging and veiled threats from Saudi Arabia, that it would only use the interest from the frozen Russian assets rather than confiscating the assets themselves.
Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets – Bloomberg
Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.
The important quote here
Bummer. It refers to this old SA gem:
https://www.kyivpost.com/post/35611
I guess Saudi Arabia and Russia are still tight