“If the United States determines that the Khashoggi killing was a targeted human rights violation. Then the perpetrators and backers of that killing could be sanctioned under the Magnitsky Act,” He added.
The Global Magnitsky Human Rights Accountability Act proves that pres. Biden is authorized to deny the arrival of Bin Salman to American soil. Additionally, he could freeze his U.S. assets and can impose economic sanctions on Saudi Arabia. Furthermore, Biden can prohibit any business between Americans and prince MBS. The law applies to anyone who abuses human rights laws.
Bin Salman actions results in “Khashoggi Ban”
Secretary of State Antony Blinken said that the United States banned 76 Saudis. In what Blinken described as the “Khashoggi Ban”.
Saudi Arabia’s sovereign wealth fund has more than $360 billion in assets – the eighth-largest sovereign wealth fund globally based on total assets. The Public Investment Fund of Bin Salman supposedly shields countries from oil price shock. However, MBS seems to use it as a measure of pressure. Additionally, the Investment Fund can protect Saudi Arabia from external financial burden.