Iraq clears debts to Iran in blow to U.S. sanctions

INSUBCONTINENT EXCLUSIVE:
the financial issue.The move came after intensive diplomacy between Iran and Iraq
During the meeting, they discussed aspects of banking and economic cooperation between the two countries, the payment of financial dues from
debts faced two major problems
Second, U.S
issue has been resolved in recent weeks
Al-Kadhimi had cleared the responsibility of his government, which was formed in May 2020, from Iran's gas debt, amounting to about $1.6
billion
statement announcing the repayment of debts
of financial obligations towards neighboring Iran is one of the problems carried over by previous governments, and the current government
has borne it, by heading towards internal borrowing to pay off debts, which were not paid due to the scarcity of financial allocations
year (beginning on March 21) compared to the same period last year, the country's gas exports have increased by 25%, and the receipt of hard
at a time when U.S
unilateral sanctions against Iran are still in place
This may be the reason why some analysts underlined the need for South Korea to follow in the footsteps of Iraq
South Korea owes Iran $7 billion in oil debts and has been reluctant to clear its debts
the outcome of talks in Vienna over reviving the 2015 Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action