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[size=32]Iran: $ 5 billion in Iraqi Commercial Bank in favor of electricity and gas debt over the past years[/size]
27 August 2019
27 August 2019
Baghdad is determined to maintain energy and trade relations with Tehran through a plan to deposit several billion US dollars into an account in an Iraqi bank to pay energy imports from Iran, the director of the joint Iranian-Iraqi Chamber of Commerce said on Tuesday.
"The plan will include depositing $ 4 to 5 billion in a special account in the Commercial Bank of Iraq to settle the Iraqi debt to Iran, including those related to the import of electricity and gas over the past years, on the basis of the recent agreement between the two governments," Fars news agency quoted Hosseini as saying. Neighbors yen.
"He added that" the authorities of both countries have agreed to use special account to evade US sanctions against Iran and Tehran were allowed to pay for imports of goods that are subject to sanctions through the account as a financial tool.
" He continued that "this mechanism and unfortunately shocked the administrative bureaucracy," pointing out that "the US bank JPMorgan Chase, which controls the shares in the Commercial Bank of Iraq, is still blocking Iran's access to the account."
He explained that "businessmen and private sector activists do not have Any significant problems in the trade between Iran and Iraq, and that the mechanism of the Commercial Bank of Iraq was expected to accommodate government transactions between the two countries.
"It is noteworthy that" Iran is still the first supplier of natural gas and electricity to Iraq despite increasing pressure from the United States, which seeks to reduce exports, while Baghdad got Several joules It came from exemptions from US sanctions, insisting it had no alternative to replacing energy imports from Iran with Iraqi political and government intent to continue its support for Iran at the expense of Iraq.
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