Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday.
He said that the countries that had imposed sanctions on Qatar would also lose money because of the damage to business in the region.
“A lot of people think we’re the only ones to lose in this … If we’re going to lose a dollar, they will lose a dollar also,” he said.
Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut diplomatic and transport ties a week ago, accusing Doha of backing “terrorism” – charges Qatar denies.
The sanctions have disrupted flows of imports and other materials into Qatar and caused many foreign banks to scale back their business with the country.
But Emadi said the energy sector and economy of the world’s top liquefied natural gas exporter…
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