Tag Archives | sanctions

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 […]

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 […]

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 […]

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 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 […]

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 […]