Iraq Targets Increased Investment from Russia

By John Lee.

Iraq's Deputy Foreign Minister Muayad Salih has said that he expects Russian companies to increase their investment in Iraq.

Tass quotes him as saying that a Russian company is starting to develop of fields in the area of the Ramadi city, adding:

"Hopefully investments there will top $45 billion by 2030."

Meanwhile, the head of the Legal Department at the Iraqi Foreign Ministry, Mr. Luqman Al-Faily, met with the Russian ambassador to Baghdad Mr. Maxim Maksimov, at the Ministry’s headquarters in Baghdad.

During the meeting, they discussed procedures for the mutual exemption of entry visas between the two countries for holders of diplomatic, service and special passports.

(Sources: Iraqi Foreign Ministry, Tass)

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