Iraq intends to recover 600 million euros of funds frozen in Italy

by **claud39** Sat May 08, 2021 9:56 am

Iraq intends to recover 600 million euros of funds frozen in Italy

05/07/2021

Economy News - Baghdad

A spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, announced that it will recover 600 million euros of Iraqi funds frozen in Italy.

Al-Sahaf said in a statement seen by "Al-Eqtisad News", that "work is underway to recover the Iraqi funds frozen in Italy since the time of the former regime, which amount to about 600 million euros."

Al-Sahhaf added, "We are working on diversifying Iraq's economic partnerships, and acquiring international support for investment, in confirmation of the great opportunities we have in various sectors."

It is noteworthy that Foreign Minister Fuad Hussein met in the Italian capital, Rome, a group of official economic institutions concerned with foreign trade and Italian companies, in an economic meeting sponsored by the Iraqi embassy in Rome.

https://economy-news.net/content.php?id=25022