By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Significant challenges face Kadhimi's economic reform project Iran's central bank governor, Abdolnaser Hemmati (pictured), recently paid a surprise visit to Baghdad, three days after the United States slapped sanctions […]
Tag Archives | sanctions
US Sanctions Iranian Ambassador to Iraq
From US Dept of the Treasury: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is designating Iraj Masjedi (pictured), a general in Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Iran's Ambassador to Iraq, for acting for or on behalf of the IRGC-QF. A close adviser to former IRGC-QF Commander Qassem […]
Tags: featured, Iran, Islamic Revolutionary Guards Corp (IRGC), mn, Office of Foreign Assets Control (OFAC), Quds, sanctions, United States
US Grants Iraq New 60-day Waiver to Import Iranian Gas
By John Lee. The United States has reportedly granted Iraq a 60-day extension to a sanctions waiver allowing it to import Iranian gas. According to the report from AFP, Iraq relies on gas and electricity imports Iran to supply about a third of its electricity sector. More here. (Source: AFP)
US squeezes IS Cash Flow with New Sanctions
By Editor on 19th July 2020 in Iraq Banking & Finance News, Iraq Industry & Trade News, Politics, Security
By Elizabeth Hagedorn for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. US squeezes Islamic State's cash flow with new sanctions The United States and six other countries imposed fresh sanctions today on half a dozen targets accused of helping fund […]
Tags: caliphate, Daesh, featured, ISIL, ISIS, Islamic State, mn, sanctions, terrorism, United States
US Welcomes New Iraq Govt; Extends Iran Sanctions Waiver
By John Lee. US Secretary of State Mike Pompeo (pictured) has welcomed the formation of a new government in Iraq following months of instability. In a phone call with the new Prime Minister, Mustafa Kadhemi, he said that the US would not enforce sanctions on Iraq buying electricity from Iran for 120 days "as a […]
Tags: electricity imports, Electricity In Iraq, featured, Iran, Mike Pompeo, mn, sanctions, United States
US Treasury Dept Designates Iraqi National
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated dual Iranian and Iraqi national Amir Dianat, a longtime associate of senior officials of Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). Dianat, who is also known as Ameer Abdulazeez Jaafar Almthaje, is involved in IRGC-QF efforts to generate revenue and smuggle […]
Tags: featured, Iran, Islamic Revolutionary Guards Corp (IRGC), mn, Office of Foreign Assets Control (OFAC), Quds, sanctions, Taif Mining Services LLC
US Renews Waiver for Iraq to Import Electricity from Iran
By John Lee. Washington has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said. "The Secretary granted this brief extension of the waiver to allow time for the formation of a credible government," the official said, referring to US Secretary of State Mike Pompeo, and added that the […]
More Iraqi Companies Sanctioned by US
US Treasury Designates Vast Network of IRGC-QF Officials and Front Companies in Iraq, Iran The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated 20 Iran- and Iraq-based front companies, senior officials, and business associates that provide support to or act for or on behalf of the Islamic Revolutionary Guards Corps-Qods […]
Tags: Al Khamael Maritime Services (AKMS), Bahjat al Kawthar Company for Construction and Trading, featured, Iran, Islamic Revolutionary Guards Corp (IRGC), Kosar Company, Mada'in Novin Traders (MNT), Middle East Saman Chemical Company, mn, Office of Foreign Assets Control (OFAC), Quds, Reconstruction Organization of the Holy Shrines in Iraq (ROHSI), sanctions, Syria, United States
Sanctioned Iranian Fuel Oil "Shipping from Iraq"
By John Lee. Deceptive shipping practices are reportedly being used in an attempt to conceal cargoes of sanctioned Iranian fuel oil being shipped via the Iraqi port of Khor al-Zubair. Writing in Lloyds List, Michelle Wiese Bockmann gives details of a network of shell companies running 'dark' tankers to transport the sanctioned fuel. Click here […]
Iraq "likely" to get New Waiver for Iran Gas Imports
By Bryant Harris for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq likely to continue importing Iranian natural gas under US waiver renewal Iraqi officials have indicated that the United States is likely to renew a key Iran sanctions waiver […]
Tabaqchali: US Sanctions and the Illusion of Power
By Editor on 30th January 2020 in Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Politics
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. This article was originally published by the LSE Middle East Centre. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Demands for the expulsion of US troops following the killing of Iranian general Qassem […]
Tags: Ahmed Tabaqchali, Asia Frontier Capital (AFC), featured, Iran, London School of Economics (LSE), sanctions, United States, US Troops
Iraq may Stop Iran Gas Transfers if US Waiver Ends
By John Lee. The head of Trade Bank of Iraq (TBI) has reportedly said that the bank would stop processing payments for Iranian gas imports if a US sanctions exemption expires next month. Faisal al-Haimus told AFP: "As a bank, the most important thing we have is that we are compliant (with international regulations). That's […]