Qatar buys Italian warships as GCC rift widens

On Monday, Qatar lodged a complaint with the World Trade Organization against its neighbors, which have cut off all trade and diplomatic ties, and closed air and sea routes into the country. Saudi Arabia has shut Qatar’s only land border.

Qatar agreed on Wednesday to buy seven Italian warships at a cost of nearly $6 billion in the latest example of checkbook defiance by the gas-rich country in its two-month-old feud with four neighboring Arab countries.

The military deal between Qatar and Italy, announced by the foreign ministers of both countries in Doha, Qatar’s capital, was the latest in a slew of diplomatic and economic moves suggesting that the crisis, the worst to hit the GCC countries in decades, shows little sign of abating.

Source Credit: The New York Times
Read full story: http://nyti.ms/2wnPQhq

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