The Intercept: OAE has developed a financial warfare plan against Qatar to receive the World Cup 2022

The United Arab Emirates developed a plan for waging a financial war against Qatar, in order to weaken its currency and destroy the economy. About this writes The Intercept with reference to the publication of the Ambassador of the UAE in the United States.

Dubai International Financial Center. Photo: Jumana El Heloueh / Reuters

The plan includes manipulations with bonds and derivatives, it was drawn up by a private bank from Luxembourg Banque Havilland, owned by the British financier David Rowland, who maintains close relations with the OAE leadership. In accordance with the plan, it was supposed to reduce the cost of Qatari bonds and increase the cost of their insurance, ultimately creating a currency crisis that would exhaust the country's money reserves.

Depletion of Qatar reserves

At the first stage of the plan, it is supposed to create an offshore investment fund, the connections of which will be difficult to track with the UAE. This fund will use Qatari bonds that already belong to the UAE, as well as other debts that can buy. In addition, the fund will buy credit default swaps that will grow in price due to a decrease in Qatari debt.

After that, through fictitious transactions, it is planned to reduce the price of Qatar bonds: the fund, buying and selling the same tools, will create a feeling of excessive trading volume to attract other traders and force them to sell bonds, which will lead to a panic on the market. A decrease in debt prices and the increase in swap will put pressure on the currency of Qatar - since the RIL is tied to the US dollar, the country will be forced to spend huge amounts of money from its own reserves. Together with the already declared economic blockade in the medium term, this can lead to a significant depletion of Qatar resources.

The final stage of the plan will be to create a PR given in order to cause Katar reputation damage at the international level-within the framework of the information company, the emphasis will be placed on “dubious” stability in the country. It is assumed that the Allies of the UAE, such as Egypt and Saudi Arabia, will also be able to maintain investors uncertainty with their statements.

Transfer of the World Cup

The ultimate goal of the UAE plan may be the 2022 World Cup, which should be held in Qatar. In the documents, it is assumed that after the start of the country of financial difficulties, a PR campaign against Qatar will be launched with statements that he cannot afford to build the necessary infrastructure.

After that, as it is assumed, the Council of Cooperation of the Persian Gulf countries will have to make a proposal to Katar to hold matches of the World Cup in several countries of the region. The neighbors of Qatar also hope that their position will be divided by FIFA: in contacting the football federation it is planned to present football as a tool for stabilizing the region as a whole.

Correspondence got on The Intercept from a hacker group that calls itself Global Leaks. They use e-mail in the Domain ".ru", however, they emphasize that they are not related to the Russian-or with some other-the government. In Banque Hallivard itself, the conspiracy accusations and the presence of any secret plan were rejected.

The Intercept is an American online publication specializing in investigations related to privileges of confidential information. Among other things, Edward Snowen on Snowing of the United States published for the Kaspersky Laboratory, a report on the ANB on Russian intelligence cyber intelligence for US election, an investigation to hacking the UK special services and the United States of the manufacturer of the MIM CART manufacturer