By Ali Hussein Al-Khafajy, for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Sanctions have Reshaped, Rather than Weakened, the Economic Model of Iraq's Armed Groups
Mounting US pressure on the financing channels of armed groups in Iraq may not weaken their influence as much as it pushes them to restructure their economy.
As sanctions and other restrictions tighten on banks, individuals and companies linked to these groups, they are increasingly inclined to deepen their reliance on domestic sources of revenue and networks of influence within state institutions.
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