Iraq agrees to open a new account to pay out its debts to Iran

By Trend
Iran's new agreement with Iraq is to be implemented in the coming days, and the new euro bank account will be set up to pay out Iraq's debts to Iran, said Iran's Minister of Energy Reza Ardakanian, Trend reports via IRNA.
Ardakanian said the debts are related to Iraq's debts for gas and electricity imports, for National Iranian Gas Company and Power Generation, Distribution, and Transmission Company (Tavanir).
"Iraq's previous and recent debts to Iran would be stored in this account in euros," said Ardakanian.
He said that Iran will be able to use the mentioned in the account to purchase necessary goods, including medicine.
"Iraq could also pay its debt to Iranian private sector companies via this account," he said.
Ardakanian pointed out that part of Iraq's debt to Iran, which is around $700 million, has already been obtained.
--
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!