During a trip to Rome on Saturday, Qatar`s foreign minister told reporters the list was "made to be rejected."
Qatar is not afraid of any actions that could be taken against it, Sheikh Mohammed bin Abdulrahman Al-Thani said.
"There is no fear . Qatar is prepared to face whatever consequences," he told reporters.
Saudi Arabia`s Foreign Minister Adel al-Jubeir called the list "non-negotiable" last week.
The countries accuse Qatar of supporting terrorism and destabilizing the Gulf region.
`Made to be rejected`
Qatar, which shares its only land border with Saudi Arabia, has rejected the accusations, calling them "unjustified" and "baseless."
Its foreign minister says the list of demands has unmeetable stipulations.
"It`s not made to be accepted or not made to be negotiated," he said. "The state of Qatar instead of rejecting it as a principle, we are willing to engage in providing the proper condition for further dialogue."
Some key demands:
CNN obtained the list of demands, which Qatari officials confirmed as authentic.
The four countries have told Qatar to shut down the Al Jazeera media network and its affiliates, and cut ties to extremist organizations including the Muslim Brotherhood and Hamas.
The states have told Qatar it must stop interfering in their affairs and end the practice of giving Qatari nationality to their citizens and say that the oil-rich state must pay them reparations for damages or costs incurred because of Qatari policies.
They also want Qatar to halt the development of a Turkish military base in the country and reduce diplomatic ties with Iran
Diplomatic maneuverings
Al-Thani told his Italian counterpart during his visit to Rome that the demands affected Qatari sovereignty, aiming to impose guardianship on it.
The foreign minister said Qatar was "ready to engage in constructive dialogue and negotiations with the countries of the blockade, provided that the dialogue is based on sound foundations," the statement said.
Last week, Al-Thani addressed representatives of the five permanent members of the United Nations Security Council "on the illegal measures" being taken against it, the ministry said. He also met with US Secretary of State Rex Tillerson.
McCain in Abu Dhabi
Chairman of the Senate Committee on Armed Services John McCain met the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan, and other UAE officials in Abu Dhabi on Saturday.
McCain was accompanied by four other US senators, the official Emirates News Agency reported.
UAE Minister of State for Foreign Affairs Anwar Mohammed Gargash told CNN`s International Diplomatic Editor Nic Robertson the UAE had assured McCain that the US base in Qatar would be unaffected by the standoff and would be able to continue operating without interruption.
Gargash said there would be "no big bang" when the deadline for the demands passed, but rather a gradual "turning of financial screws" and that he expected the standoff with Qatar to last for months.
He said he foresaw a role for US and European states to monitor any future agreement with Qatar in the areas of finance, refuge, incitement and political support for terrorists.
The monitors would check Qatar was working to ensure that; money did not reach terrorists; legal process was taken against designated terrorists living in Qatar; Al Jazeera and others did not incite terrorism or extremism and that terror groups were not aided politically by or from Qatar, Gargash said.
The Kremlin said Russian President Vladimir Putin spoke to both the Emir of Qatar and the King of Bahrain on Saturday to urge for a diplomatic resolution to end the crisis.
"Vladimir Putin stressed the importance of political and diplomatic efforts aimed at overcoming the disagreements and normalizing the current complicated situation," the statement said.
The WTO`s Goods Trade Council had been meeting in the Swiss city of Geneva
"In a joint statement which was read in the meeting, the four countries confirmed that all measures taken do conform with the international systems which legally give the member countries room to move against any country who dares to harm their security and stability, a sovereign right conforming with Article 21 of the General Agreement of trade in goods," SPA reported.
What sparked the crisis?
The diplomatic crisis came two weeks after Saudi Arabia, the UAE, Bahrain and Egypt blocked several Qatari media outlets -- including Al Jazeera -- over comments allegedly made by Qatari Emir Sheikh Tamim Al-Hamad Al-Thani.
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