Iraq Releases €1.5 Billion of Iran Frozen Assets: PM Adviser
TEHRAN (Tasnim) – An adviser to Iraqi prime minister announced that Iraq had released a total of 1.5 billion euros of Iranian funds during the administration of Muhammad al-Sudani.
In a post on his twitter account on Sunday, Diaa al-Nasseri wrote that a part of Iran's debts owed by Iraq had been paid.
Some of these funds have been allocated for the needs of Iranian pilgrims, while another portion has been used for procuring essential commodities. The amount paid is estimated to be around three billion dollars, Shafaq News reported.
Iran maintains significant commercial and economic relations with Iraq, with notable trade exchanges with Baghdad.
However, Iranian funds remain frozen in Iraqi banks due to the US sanctions imposed on Tehran. Despite Iraqi proposals to barter these funds for other products, Iranian officials have refused such arrangements.
