Insight Iraq

In-Depth News & Views


US Extends Waiver allowing Iraq to pay Iran for Electricity

By John Lee.

At a push briefing on Thursday, US Condition Section spokesperson Matthew Miller (pictured) stated the United States has issued an additional 120-day waiver to permit Iraq to keep on importing electricity from Iran.

Addressing a problem from the ground, Miller claimed:

… these are waivers that have been regularly issued to Iraq likely back again to 2018 below a former administration. This is now the 21st time that this unique waiver has been issued. And it is really important to notice how this revenue has been used.

“Amount a single, that no cash is permitted to enter Iran less than the conditions of this waiver. All of these cash are held in restricted accounts and they can only be made use of for transactions for the order of food, medication, healthcare devices, agricultural items, and other non-sanctionable transactions. And that it is portion of our broader purpose to wean Iraq off of dependence on Iran for the provision of electrical energy, simply because that is what these waivers – as I know you know – what these waivers relate to, which is that Iraq proceeds to have to get its electrical power from Iran.

“Iraq has been generating authentic progress on its route toward power sufficiency considering the fact that 2020. It has minimize its imports of Iranian electricity by much more than 50 percent. In excess of the last 10 years, it has doubled its own electricity technology. And we will carry on to perform with them and assistance them as they try to come to be vitality unbiased.

He even more clarified:

“Iraq has been importing energy from Iran. It will not spend it – Iran – straight for that electric power. It deposits cash into these restricted accounts, and then we concern these waivers. It enables the income in that – those people accounts to be utilized for humanitarian and other non-sanctionable needs, but the revenue by itself does not essentially shift from Iraq to Iran.”

(Supply: US State Dept)