Qatar Criticizes US Unilateral Sanctions, Highlights Weakening Dollar

Qatar’s Prime Minister criticizes US unilateral sanctions, stating they weaken the dollar and encourage parallel currency markets. He emphasizes that these sanctions punish individuals rather than governments, making them ineffective. Concurrently, China’s Ministry of Commerce imposes duties on Canadian goods in response to perceived discrimination, highlighting tensions in trade relations.

The Prime Minister and Minister of Foreign Affairs of Qatar, Mohammed bin Abdulrahman Al Thani, has criticized the practice of unilateral US sanctions, asserting that they will lead to the depreciation of the dollar’s global dominance. He warned that such sanctions, initially seen during the sanctions against Russia related to the Ukraine conflict, would encourage nations to establish parallel currency markets and seek alternatives to the dollar-dominated financial system.

Bin Abdulrahman Al Thani remarked, “If sanctions come from the US, it prevents American companies from doing business, depriving them of opportunities that other countries can benefit from.” He emphasized that countries currently facing sanctions, such as Iran and Venezuela, will continuously find ways to market their goods to meet essential needs.

Further elaborating on the ineffectiveness of sanctions, he stated that they typically punish individuals rather than governments, thus failing to achieve desired political outcomes. Reflecting on his decade of diplomatic experience, he noted that sanctions rarely yield the intended results.

In a related development, the Chinese Ministry of Commerce has announced the imposition of additional duties on certain Canadian goods due to perceived discriminatory restrictions imposed by Canada. These measures are seen as violations of the established trade order and the rights of Chinese businesses, prompting a call for Canada to rectify its actions.

The announcement follows Canadian Prime Minister Justin Trudeau’s decision to implement higher tariffs on specific imports, including electric vehicles and metal products from China. In response, the Chinese government initiated an anti-discrimination investigation into these Canadian tariffs, underscoring the tense trade relations between the two nations.

The remarks from Qatar’s leadership highlight concerns regarding the implications of unilateral sanctions on global trade and the dollar’s status. The assertion that such sanctions primarily affect individuals rather than political regimes raises questions about their effectiveness. Similarly, China’s response to Canadian tariffs indicates a trend of economic retaliation in international trade disputes. Both instances reflect the complexities and challenges present in modern diplomatic and economic relations.

Original Source: fakti.bg