The repercussions of the war in Ukraine on Iraq .. 3 sectors affected

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[size=52]The repercussions of the war in Ukraine on Iraq .. 3 sectors affected[/size]

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[size=45]With the escalation of the fighting in Ukraine, it seems that Iraq will be affected, like other countries, but the degree of its impact will be great, according to experts who pointed out 3 strategic sectors that will face major challenges due to the war.[/size]
[size=45]And [You must be registered and logged in to see this link.]  is one of the main importers of  [You must be registered and logged in to see this link.]  in  [You must be registered and logged in to see this link.]  although it grows it, but the production does not meet the local needs.[/size]
[size=45]And local consumption requires between 4.5 to 5 million tons annually for local consumption, which forces it to import abroad, most of which comes from  [You must be registered and logged in to see this link.] .[/size]
[size=45]Russia and Ukraine account for about 30% of the global production of wheat, a strategic commodity in all countries, and  [You must be registered and logged in to see this link.] depends  on importing quantities of its wheat needs to these two countries, due to its cheap price.[/size]
[size=45]Although Baghdad says it has a good stock of wheat, it admitted that it may have to go to the markets to buy wheat in case the war in Ukraine prolongs.[/size]
[size=45]But the wheat problem seems easier than more complicated problems in Iraq as a result  [You must be registered and logged in to see this link.] .[/size]
[size=45]Freezing arms deals[/size]
[size=45]Despite the continuation of military operations against the pockets  [You must be registered and logged in to see this link.]  in some Iraqi provinces, and the current government’s progress in strengthening the capacity of the regular forces in the face of armed groups, these plans seem to stop, due to the freezing of coordination and communication with Russia, which concluded several deals to arm  [You must be registered and logged in to see this link.] .[/size]
[size=45]An officer in  [You must be registered and logged in to see this link.] said that the ministry had stopped its dealings with the Russian side, regarding the procedures of several armaments deals, some of which were close to implementation, and others, were under study, but they all stopped, due to the circumstances of the war, as well as the sanctions directed against Moscow. And what it means is that no money can be paid to buy weapons or equipment.”[/size]
[size=45]The officer, who declined to be named, added that “about 5 cooperation programs have been suspended by the ministry, most of which are related to armaments, purchasing equipment and the S-300 system, in addition to maintaining aircraft and providing spare parts for them.”[/size]
[size=45]He pointed out that "the situation may be temporary, and this is related to the political aspect."[/size]
[size=45]Iraqi-Russian coordination still exists with regard to armaments and training, despite the increasing dependence on the United States in this aspect.[/size]

The impact of the Russian invasion did not stop at the level of the security aspect, but rather affected the oil sector, as many Russian companies are spread in the country, especially in the Kurdistan region of Iraq.
[size=45]In this context, the economist and oil expert, Nabil Al-Marsoumi, believes that “there are large Russian investments in the Iraqi oil and gas sector, as Rosneft owns 60 percent of the Iraqi Kurdistan oil pipeline, which is the main operational export line in Iraq, and it is also establishing a pipeline New gas pipelines whose export capacity is expected to reach 30 billion cubic meters of gas annually, which represents about 6 percent of the total gas demand in Europe.”[/size]
[size=45]Al-Marsoumi added in a statement to "Sky News Arabia" that "Russian companies represented by Lukoil, Gazprom and Rosneft are investing in the West Qurna/2, Badra, Block and some fields of Kurdistan."[/size]
[size=45]He continued: “Most Russian investments in Iraq will be affected, especially companies operating in the oil licensing fields, which pay their costs and profits in kind, that is, in exchange for a certain amount of oil produced, in addition to other difficulties related to how Russian companies implement their secondary contracts with other companies and how to finance them, which requires searching for a mechanism. new ones to settle accounts with the Iraqi government.”[/size]
[size=45]Paris club debt[/size]
[size=45]The repercussions of the war affect the debts paid by Iraq, according to the Paris Club, as parliament member Muthanna al-Samarrai confirmed that “Iraq is still paying those debts, according to a timetable, and in the event of delay, fines are imposed on Iraq, and that the latter must abide by the sanctions imposed on any country. She has a financial relationship with him.”[/size]
[size=45]Al-Samarrai stressed that "in the event that sanctions affect Russia's oil companies that have dealings with Iraq, the latter cannot transfer any amounts, neither by the Iraqi government nor the Central Bank."[/size]
[size=45]According to estimates, the total public debt on Iraq with respect to creditors members of the Paris Club, including Brazil and South Korea, amounts to more than 21 billion dollars, which Iraq began to pay, since 2003.[/size]
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