By John Lee. The US State Department has reportedly granted a new sanctions waiver allowing Iraq to continue importing electricity from Iran for another 120 days. More here. (Source: S&P Global)
Tag Archives | sanctions
UK issues Sanctions against former Governor of Nineveh
By John Lee. The United Kingdom has issued sanctions against a number of individuals, including a former Governor of Nineveh province in Iraq. Nawfal Hammadi Al-Sultan is alleged to have misappropriated public funds intended for reconstruction efforts, and to have improperly awarded contracts and other state property. He is currently serving a five-year prison sentence […]
Iran Stops Energy Exports to Iraq
By John Lee. Iran has reportedly suspended the supply of gas and electricity to Iraq, at a time when the country is struggling to cope with with soaring temperatures. According to AP, Iraq already owes Iran $4 billion for energy imports, and Iran is pushing to have the debt paid. More here. (Source: AP)
Iranian Traders setting up in Iraq
By John Lee. At least 24 Iranian traders have set up shop in Dohuk this week alone, according to a report from AP. Pressure as a result of sanctions on Iran are causing Iranian businesses to look more to Iraq for customers. Click here to read the full report from AP. (Source: AP)
US Designation of Kataib Hezbollah's Abu Fadak
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The U.S. Designation of Kataib Hezbollah's Abu Fadak The latest sanctions against a senior leader in the Iranian-backed terrorist militia are a reminder that such […]
Tags: Abu Fadak, Dr Mike Knights, featured, Iran, Kata’ib Hezbollah, mn, sanctions, United States, Washington Institute for Near East Policy
Iraq to use Euro Account to pay Iran Debts
By John Lee. Iran's Minister of Energy has said that a euro account is to be opened in Baghdad so that Iraq can pay its debts to Iran for electricity and natural gas purchases. IRNA reports that Reza Ardakanian added that the same account can be used for Iraq's debts to Iranian private sector companies. […]
Iran "Desperate to Maintain Iraqi Financial Lifeline"
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 […]
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 […]