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Thursday, January 23, 2020 3:28 GMT
The bank through which Iraq pays for Iranian gas imports ( Gas Exports to Iraq ) to power its grids said Tuesday it would stop processing payments if a crucial US sanctions exemption expires next month. "We'll stop. As simple as that," the head of Trade Bank of Iraq (TBI) Faisal al-Haimus told AFP. That could be devastating for Iraq's crippled electricity sector, which has relied on Iran for about a third of its supply, and comes at a time of heightened US-Iran tensions. Washington slapped...More