Iraq receives sanction waiver for importing gas, electricity from Iran

November 12, 2018 - 8:11

TEHRAN - Iraq has received a 45-day waiver over U.S. sanctions against Iran which allows the country to continue to import natural gas and electricity from Iran, Reuters reported citing the U.S. embassy in Iraq.

“The United States has given Iraq a temporary relief from the sanctions for 45 days to continue purchasing natural gas and electricity from Iran,” the U.S. Embassy in Iraq said in a video published on its official Facebook page on Thursday.

“This relief gives Iraq time to start taking steps towards energy independence,” the video said.

Iraq central bank officials said in August that the country’s economy is so closely linked to Iran that Baghdad would ask Washington for exemptions from some of the sanctions.

The current temporary waiver is conditional on Iraq not paying Iran for imports in U.S. dollars.

Sanctions, which had been lifted under a 2015 nuclear deal negotiated by President Barack Obama’s administration and five other world powers, were reimposed on November 5.

EF/MA

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