Qatar looking for monetary compensation

Qataris write on a wall bearing a portrait of Sheikh Tamim bin Hamad Al Thani that has become a symbol of resistance during the Gulf diplomatic crisis

Qatar looking for monetary compensation

On his first foray into shuttle diplomacy since becoming secretary of state, Secretary of State Rex Tillerson will hop between Kuwait, Qatar and Saudi Arabia from Monday until Thursday, testing ways to break an impasse that has persisted despite Kuwaiti mediation efforts.

The Gulf countries said they would lift the sanctions if Qatar complied with their demands.

The agreement, referred to as the Riyadh agreement, specifically mentions not supporting the Muslim Brotherhood, which the Gulf allies have repeatedly alleged Qatar supports, as well as not backing opposition groups in Yemen that could threaten neighboring countries. "When I traveled to Doha I discussed it with the (Qatari) authorities and they told us: "It is ok - we know you".

Calling their blockade a boycott, the four countries involved include Saudi Arabia, the United Arab Emirates, Bahrain and Egypt. Allegations against Qatar are rooted in what the bloc calls long-time financial support of terrorist organizations.

He noted that there are several foreign military bases in the different Gulf states-French military bases in Abu Dhabi, American and Turkish military bases in Doha.

"If this happens, it will result in adverse consequences for the region and the world", he noted.

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Kuwait, Turkey and the USA have all urged a political solution as the bloc isolates Qatar using various ad hoc sanctions, including shutting down their airspace to Qataris and blocking import routes. Al-Marri said that the decision to pursue compensation for damages was not tied to current state of negotiations between Qatar and the blockading countries, Al-Jazeera said.

Qatar's foreign minister Sheikh Mohammed bin Abdulrahman Al Thani said his nation won't comply with any demands that it considers a violation of global law.

The Qatari minister told the WPC its LNG exports to the UAE, Saudi Arabia and Bahrain accounted for less than 8% of its total.

He said Qatar's exports to the four Asian countries accounted for almost three quarters of the country's total exports.

Qatar is to cooperate with the International Monetary Fund to carry out audits of financial flows and prevent terrorist groups from getting financing.

Total however also has large projects in Saudi Arabia and the UAE, highlighting the complexity of investing in the Middle East. "The Emir of Kuwait is leading these efforts, our job is to make sure everybody continues to talk to each other", he said. Qatar's foreign minister said his nation wouldn't comply with any demands that it considers a violation of worldwide law. That might have a negative impact on Qatar's sovereign credit fundamentals.

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