Published: Mon, October 15, 2018
Arts&Culture | By Kristi Paul

Saudi Arabia says it will respond to any economic sanctions

Saudi Arabia says it will respond to any economic sanctions

Riyadh's reaction came hours after US President Donald Trump threatened Riyadh with "severe punishment" if Khashoggi was killed inside the Saudi consulate in Istanbul as alleged.

A Saudi official source quoted by SPA news agency said it was "a positive move" Turkey had agreed to the creation of what it described as a "joint action team" over Khashoggi's disappearance. That prompted a pugnacious Saudi response on Sunday: "The kingdom also affirms that if it is [targeted by] any action, it will respond with greater action".

The Saudi critic has not been seen since he walked into the kingdom's consulate in Istanbul on October 2, with Turkish officials accusing Riyadh of murdering him inside the diplomatic mission.

The statement aired on Saudi Arabian state media came after the country's stock market plunged by almost 7 per cent at one point on Sunday.

On Tuesday, Turkish Foreign Ministry spokesman Hami Aksoy said Saudi authorities notified Ankara that they were "open to cooperation" and would allow the consulate building to be searched.

"There are other things we can do that are very, very powerful, very strong and we'll do them".

Mr Trump said: "They are ordering military equipment".

Donald Trump has rejected halting arms sales to Saudi Arabia over the disappearance of Jamal Khashoggi.

But the president has also said "we would be punishing ourselves" by cancelling arms sales to Saudi Arabia.

The BBC said a joint statement of condemnation was also being discussed by United States and European diplomats if it is confirmed Khashoggi was killed by Saudi agents.

Shortly after trading kicked off on Sunday, Saudi stocks plunged by at least seven percent, in what became the biggest drop since 2014 which comes amid an ever-increasing pressure on Riyadh over the situation around missing Saudi journalist Jamal Khashoggi.

Earlier this month, Trump suggested Saudi Arabia's king "might not be there for two weeks" without USA military support.

"If they don't buy it from us, they're going to buy it from Russian Federation or they're going to buy it from China".

The Saudis have called accusations that they are responsible for Khashoggi's disappearance "baseless". "In the not too distant future I think we'll know an answer", Trump tells Stahl.

The Saudi dissent vanished after entering the Gulf kingdom's consulate in Istanbul, Turkey 12 days ago.

USA senator Richard Blumenthal from WWE's home state of CT has called on WWE to "review and relook" at its relationship with Saudi Arabia.

Sir Richard Branson, the British billionaire who founded the Virgin Group, has suspended his position as director of two tourism projects in Saudi Arabia as well as his company's discussions over investment in two space projects.

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