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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq adopts new plan to continue energy imports from Iran

    Rocky
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    • Post n°1

    Iraq adopts new plan to continue energy imports from Iran Empty Iraq adopts new plan to continue energy imports from Iran

    Post by Rocky Mon 26 Aug 2019, 2:05 pm


    Iraq adopts new plan to continue energy imports from Iran

    20:44 - 26/08/2019



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    Information / Translation…
    Baghdad is determined to maintain energy and trade ties with Tehran through a plan to deposit several billion US dollars into an account at an Iraqi bank to pay for energy imports from [You must be registered and logged in to see this link.] , the head of the Iranian-Iraqi Joint Chamber of Commerce said on Monday .
    "The plan will include depositing $ 4 to 5 billion in a special account in the Commercial Bank of Iraq to settle Iraqi debts to Iran, including those related to the import of electricity and gas over the past years," Hosseini was quoted as saying by the Fars News Agency. The basis of the recent agreement between the governments of the two neighboring countries. ”
    He added that "the authorities of the two countries have agreed to use the account as a special financial instrument to evade US sanctions on [You must be registered and logged in to see this link.] allow Tehran to pay for imports of goods not subject to sanctions through the account."
    He added that "this mechanism and , unfortunately , the administrative bureaucracy Asdmt Snag ," noting that "the US bank JPMorgan Chase, which controls the shares in the Commercial Bank ofIraq, still disrupts the access of [You must be registered and logged in to see this link.] to the account."
    He explained that "the businessmen and private sector activists do not have any major problems in trade between [You must be registered and logged in to see this link.] 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 " [You must be registered and logged in to see this link.] still the first supplier of natural gas and electricity to Iraq, despite increasing pressure from the United States, which seeks to reduce exports
    Baghdad has received several rounds of exemptions from US sanctions, insisting it has no alternative to replacing energy imports from the Islamic Republic. Finished / 25 z


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