One reason the GCC Arabs are not in a rush to support Palestinians is their economies are dependent upon being on America's side. Their 'assets' like US Bonds, real estate, Stock investments, yachts, chateaus, foreign exchange reserves... everything in the West could be confiscated within days. Look at what's happening to the $300 BBBBillion worth of Russian Assets!
Imagine your own assets being used to finance a war against you!! The West acts illegally as a pack of wolves: Group of 7! The same fate awaits China if China gets into a vulnerable spot.
Imagine what kind of trade/commercial concessions can be obtained using such blackmails? Israel is a violent blackmail over the Middle Eastern countries while the financial tools are other forms of the blackmail.
Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
www.nytimes.com
The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort at a moment when financial support is waning, according to senior American and European officials.
...
But the administration, in coordination with the
Group of 7 industrial nations, has begun taking another look at whether it can use its existing authorities or if it should seek congressional action to use the funds. Support for such legislation has been building in Congress, giving the Biden administration optimism that it could be granted the necessary authority.
The talks among finance ministers, central bankers, diplomats and lawyers have intensified in recent weeks, officials said, with the Biden administration pressing Britain, France, Germany, Italy, Canada and Japan to come up with a strategy by Feb. 24, the second anniversary of the invasion.