Baghdad owes Tehran about $18 billion for gas and electricity.
Iraq received permission from the United States to pay Iran $500 million in gas and electricity bills. This was announced on March 10 by the Secretary General of the Iran-Iraq Chamber of Commerce Hamid Hosseini, Tasnim wrote.
“During the last visit of the Iraqi Foreign Minister (to the US), permission was received to pay Iran $500 million,” the official said.
According to the Iraqi Foreign Ministry, the republic’s total debt to Tehran is about $18 billion.
It can be recalled that earlier the United States imposed various sanctions against Iran, some of which imposed a ban on banking operations in Tehran.
Foreign banks also refused to carry out financial transactions in Iran, because in this case they would be subject to the second US sanctions.
The US is imposing sanctions on banks that allow Iran to receive billions
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.