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. Senate Armed Services Chairman Inhofe endorses Iraq sanctions The Donald Trump administration is doubling down on its Iraq pressure campaign, threatening to impose devastating sanctions on the fragile country […]
Tag Archives | sanctions
Video: Trump Threatens Iraq with Sanctions
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US President Donald Trump ratcheted up his rhetoric with Iran and Iraq late on Sunday, warning of a “major retaliation” if Iran strikes back to avenge the US assassination of one of its […]
US Sanctions Driving Iran to Tighten Grip on Iraq
By James Risen, for The Intercept. Massive, sustained protests in Baghdad and Tehran that have been met with violent responses from security forces throughout the fall and winter have rapidly altered the political dynamics in both Iraq and Iran. But it is still uncertain whether the grassroots anger that has erupted will lead to significant […]
US Sanctions Militia Leaders in Iraq
Treasury Sanctions Iran-Backed Militia Leaders Who Killed Innocent Demonstrators in Iraq Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three leaders of Iran-backed militias in Iraq that opened fire on peaceful protests, killing dozens of innocent civilians. OFAC designated Qais al-Khazali, Laith al-Khazali, and Husayn Falih ‘Aziz al-Lami pursuant […]
Tags: featured, Iran, mn, Office of Foreign Assets Control (OFAC), Protests, sanctions, United States
US Extends Iran Sanctions Waiver for Iraq Energy Imports
By John Lee. The US has granted Iraq another 120-day waiver from its sanctions on Iran. According to S&P Global, a State Department spokesman said the waiver ensures that Iraq is able to meet its short-term energy needs while it takes steps to reduce its dependence on Iranian energy imports. (Source: S&P Global)
Sanctioned Russian Firm may Develop Iraq’s Block 17
By John Lee. Russia’s Stroytransgaz has signed a preliminary contract for the exploration, development and production of Block 17, in Anbar province. At a signing ceremony in Wednesday, Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban said that preliminary studies and information indicate the existence of oil reserves ranging between 2 […]
Tags: Anbar, Block 17, Crimea, exploration, featured, mn, Office of Foreign Assets Control (OFAC), Russia, sanctions, Stroytransgaz, Ukraine, United States
Video: Iraq depends on Iran Imports, fears Sanctions
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq and Iran are neighbours: Around $25m worth of Iranian goods enter Iraq every day. But a US deadline that allows Iraq to trade with Iran is set to expire in three months, […]
US Sanctions Four Iraqis
By Editor on 19th July 2019 in Iraq Banking & Finance News, Iraq Industry & Trade News, Politics, Security
On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two militia figures, Rayan al-Kildani and Waad Qado, and two former Iraqi governors, Nawfal Hammadi al-Sultan and Ahmed al-Jubouri, pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act and targets perpetrators […]
Tags: featured, Global Magnitsky Human Rights Accountability Act, Human rights, Iran, mn, Office of Foreign Assets Control (OFAC), sanctions, United States
Video: Rebuilding Mosul – Iran Sanctions “Threaten Progress”
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Slow progress is being made to rebuild the ruined city of Mosul in northern Iraq. It is two years since the Iraqi army, with a United States-led coalition and Iran-backed Shia militias, drove […]
Basra Protests Build as Sub-standard Services Persist
By Editor on 2nd July 2019 in Construction & Engineering In Iraq, Iraq Public Works News, Politics, Security
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Basra protests build in Iraq as sub-standard services persist In an exclusive interview with Al-Monitor, Iraqi Minister of Electricity Luay al-Khatteeb talked about the situation of Iraq’s electricity sector amid tense […]
Tags: Basra News, electricity imports, Electricity In Iraq, featured, gas imports, Iran, mn, Protests, sanctions, United States
US Grants Iraq Waiver to Buy Iranian Electricity
By John Lee. The Trump administration has reportedly granted Iraq a 120-day waiver from its sanctions against Iran, to allow it to continue importing electricity from the country during the hottest of the summer weather. The decision followed a phone call on Friday between Secretary of State Michael Pompeo (pictured) and Iraqi Prime Minister Adel […]
Doubts over US Waiver for Iraq to buy Iranian Power
By John Lee. Contrary to recent reports that the US had granted a waiver to Iraq to allow it to continue buying power from Iran, a State Department spokeswoman reportedly said on Wednesday that this was not the case. Reuters quotes Morgan Ortagus as telling reporters that Secretary of State Mike Pompeo has not made […]