Ayn Al Iraq News


America threatens Iraqi banks to impose sanctions in the event of payment of Iran’s arrears of electricity

The US Treasury refused to deal with the Iraqi banks with Iran in a circular sent to the Central Bank of Iraq in the month of July threatens to impose economic sanctions on each bank has financial transactions with Tehran. By this generalization, the Iraqi government is unable to pay the Ministry of Electricity of debts in arrears To Iran, which prompted Tehran to stop supplying Iraq with energy and the dawn of the recent crisis.

“The US Treasury informed the central bank at the beginning of July not to allow any Iraqi bank to deal with Iran,” the local media reported, “threatened to” freeze the bank’s funds that violate the instructions issued by the US Treasury. “

The Iraqi Ministry of Electricity, earlier, the decline in electricity production in Iraq to 14 thousand megawatts after Iran stopped supplying Iraq with 1,000 megawatts of electricity.

“Iran has stopped supplying Iraq with electricity capacity of 1000 megawatts, which has led to a decrease in electricity and an increase in the need of Iraq,” the ministry’s spokesman Musab al-Mudar told Iraq News.

“The reason for Iran’s suspension of supplying Iraq with electricity is the accumulation of debts and problems in the transfer of funds to Iran,” he said, pointing to “high co-ordination with Iran to resolve the problems.”

He added that “Iraq’s need of electricity in the summer is from 22 to 23 thousand megawatts and the current production is 14 thousand megawatts.”

Iraq is increasingly in need of electricity, especially in the summer, which reaches 50 degrees Celsius.

The electrical power system suffers from deterioration due to Iraq’s wars and the deterioration of the electrical system. Source