The Iraqi Bank of Trade will not contribute to paying Iran's dues for gas and electricity in this case
The Trade Bank of Iraq confirmed that it will not be a party to the mechanism of paying Iran's financial dues for [url=https://www.thebaghdadpost.com/ar/Story/t/134414/%D8%A7%D9%84%D8%BA%D8%A7%D8%B2 %D9%88%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1]gas and electricity[/url] imported by Iraq, in the event that Washington does not renew the exemption from sanctions that ends next month.
The bank’s chairman, Faysal Al-Heims, said in a press statement: “In case the exception ends, it is certain that the bank cannot pay any gas dues, and it cannot deal with any Iranian entity regarding gas and electricity.”
Al-Heims added: "The most important thing we have is to be committed to the local regulations of the Central Bank of Iraq and the international instructions, and that is why the world trusts us."
The American exemption resulted in protecting Iraq from similar sanctions, which allowed it to continue importing about 1,400 megawatts of electricity and 28 million cubic meters of gas from Iran.
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