Iraq: Economic Situation and Energy

Foreign and Commonwealth Office written question – answered on 14th March 2019.

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Photo of Emily Thornberry Emily Thornberry Shadow Foreign Secretary

To ask the Secretary of State for Foreign and Commonwealth Affairs, what recent assessment he has made of the effect on Iraq’s (a) economy and (b) energy supply of that country's compliance with US sanctions against Iran.

Photo of Alistair Burt Alistair Burt Minister of State (Department for International Development) (Jointly with the Foreign and Commonwealth Office), Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

​There has been to date little impact on Iraq's economy or energy supply as a result of US sanctions against Iran. Trade between Iran and Iraq continues in non-dollar currencies to allow the import and export of goods. Iraq continues to import electricity and gas from Iran as permitted under a waiver provided by the US Government.

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