Iraq Power, Gas Debts to Iran Surpass $5 Billion

Iraqi debts to Iran for electricity and natural gas imports has surpassed $5 billion, a board member of the Iranian Oil, Gas and Petrochemical Exporters Association said.
“Iraqi officials claim the money is saved in the Trade Bank of Iraq but it cannot be transferred to Iran due to the US sanctions,” Hamid Hosseini was also quoted as saying by ILNA.
When the Arab authorities say they have settled a part of their debts, it does not mean that Iran has received cash, he added.
No money has been paid to Iran through banking channels and what they have done is pay for a part of Covid-19 vaccines that were sent to Iran from other countries. They have settled a small part of their debts by sending some basic goods to Iran.