Saudi rules out mediation in Canada row, mulls new measures

Saudi rules out mediation in Canada row, mulls new measures

Saudi rules out mediation in Canada row, mulls new measures

"Canada made a big mistake... and a mistake should be corrected". Saudi holdings of Canadian dollar reserves are between $10 billion and $25 billion, with the upper end of that estimate representing 10 per cent of daily Canadian dollar volumes, according to estimates from the Canadian Imperial Bank of Commerce.

The Saudi government on Sunday recalled its ambassador to Ottawa, barred Canada's envoy from returning and placed a ban on new trade, denouncing Canada for urging the release of jailed rights activists.

Since rising to power in 2015, Crown Prince Mohammed bin Salman has courted Western allies by offering to buy billions of dollars worth of arms.

Speaking to reporters on Wednesday, Adel al-Jubeir, Saudi Arabia's foreign minister, said the kingdom was still "considering additional measures" against Canada.

Russian Federation has said that Saudi Arabia has the right to reject Canada's interference and to express its annoyance at the "commanding tone" coming from a perceived position of moral superiority.

"Saudi Arabia does not interfere in the affairs of Canada in any way".

Amnesty International has often been vocal about being against Saudi Arabia's executions.

Diplomatically, Saudi Arabia's Foreign Ministry responded to Canada's call to free the women's rights activists as "blatant interference in the kingdom's domestic affairs".

On Tuesday, Finance Minister Bill Morneau appeared to downplay the financial impact of the diplomatic dispute.

The deal was agreed in 2014 by the Conservatives, who shared the Saudi desire for deeper relations, he said. A Saudi airline has also interrupted flights to the North American country. That will remove an estimated $2 billion in investment from Canada.

"Canada will always stand up for human rights in Canada and around the world, and women's rights are human rights", said Foreign Minister Chrystia Freeland on Monday.

Wednesday's death sentence for Jamaleddeen coincides with a new Saudi state media push to attack Canada's human rights record as an escalation in a growing feud between the two distant countries.

The first Canadian source said Ottawa had no regrets about speaking out on human rights in Saudi Arabia.

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