Iraq PM defends stance on U.S. sanctions against Iran
16 August, 2018, 11:10 | Author: Sheila Harris
Earlier, the PM said that Iraq would reluctantly comply with U.S. sanctions against Tehran that took effect the same day: "We don't support the sanctions because they are a strategic error, but we will comply with them".
Meanwhile, Secretary General of the Iraqi Federation of Industries Ali Sabih al-Saedi highly regarded the cooperation with the Iranian firms, citing the importance of Iran private sector's participation in creating production lines in Iraq.
"We don't sympathise with the sanctions, we don't think they are appropriate and we don't interact with them, but we are committed to protect our people".
"As a matter of principle we are against sanctions in the region". The official says the Turkey visit will go ahead as planned.
Conflicting reports emerged on Monday around a potential visit by Mr Abadi to Iran. "Blockade and sanctions destroy societies and do not weaken regimes", he said at a news conference on Tuesday.
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"It's a disloyal attitude towards the honest position of Iran and the blood of the martyrs this country has spilt to defend the land of Iraq" against jihadists, said Moujtaba al-Hussein.
"We honestly have not made any decision regarding this issue until now", added al-Abadi, who is heading a fragile caretaker government until a new one can be formed following Iraq's parliamentary election in May.
Iraq is the second largest importer of Iranian products, aside from fuel, with total imports reaching about $6 billion previous year.
Yet, Washington began restoring sanctions, which had been lifted under the 2015 nuclear deal, on Iran last week.
A string of robust earnings also boosted USA shares. "Besides fiscal discipline, monetary tightening is the remedy". A similar plea came from the nation's banks, including the second-largest by assets, Turkiye Garanti Bankasi AS.
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