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Press Briefing with Secretary of State Mike Pompeo and Secretary of the Treasury Steve Mnuchin


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1 hour ago, coorslite21 said:

Good time for an exit strategy.....let the UN and those countries that might be affected by turmoil in the region........(those energy dependent) take over as the care takers of the region....

It will take some time.....my bet is we're out by November 3rd...

JMO.      CL 

Thank is what I am talking about there CL.  :twothumbs:

 

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1 hour ago, Floridian said:

 

If we "go out", doesn't Iran "go in"?

 

 

HCR.......said it well......they are there now......in a perfect World the UN would come in and play baby sitter/big stick holder.....the transition would occur by the end of 2020.....somewhere in that time frame there would be a ME area revaluation of currency......(some parity).....I mean SA is now at 27 cents.....Kuwait north of $3.50....how does that make sense?

 

As the US exits ....the US lists the untouchable Ally's.....such as Israel ......you attack them.....you lose one of your major cities......that would only take once to accomplish that goal........in the ME they are all about survival......their meir existence over the past thousands of years has been about survival.....and they only respect strength...

 

We get our people back home.....with what treasury holds in those currencies we reduce the debt.....and save $trillions in military expenditures.......spending funds on.... we the people......

 

Pretty simple.....except for the war machine manufacturing lobby.......and all the corrupt politicians that take money from them....

CL 

 

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55 minutes ago, coorslite21 said:

 

.....somewhere in that time frame there would be a ME area revaluation of currency....

 

 

51 minutes ago, coorslite21 said:

Who cares.....the US is Energy independent........let those directly affected ride herd over the camel jockeys.....      CL 

 

The RV is the only reason I care, otherwise I couldn't care less.

 

I hope you're right in thinking that there will be a revaluation of currency if Iraq is left to their own devices or under the rule of Iran.

Edited by Floridian
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Coordlite, Iran is already in so deep this is the very reason that Iraq can't move forward with the revaluation of their currency, Iran wants to keep the Iraqi citizens as poor as possible. They don't want to see a prosperous, vibrant Iraq next door to them, their citizens would be even more irrate against the Iranian government.

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Washington rejects Baghdad’s request to plan US troop withdrawal

2 minutes ago
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A US soldier guards the US Embassy in Baghdad. Photo: AFP
 

ERBIL, Kurdistan Region – The US State Department released a statement on Friday bluntly refusing requests from the Iraqi Parliament and Prime Minister to withdraw troops from the country. State Department spokesperson Morgan Ortagus stated that delegations from Washington to Baghdad would not discuss troop withdrawal with Iraqi officials.
 
“At this time, any delegation sent to Iraq would be dedicated to discussing how to best recommit to our strategic partnership—not to discuss troop withdrawal, but our right, appropriate force posture in the Middle East,” stated Ortagus. 
 
She added that a NATO delegation has visited the US to discuss “increasing NATO’s role in Iraq, in line with the President’s desire for burden sharing in all of our collective defense efforts.” US President Trump stated in a press conference on Wednesday that NATO needed to become more involved in the Middle East. He also spoke with NATO Secretary General Jens Stoltenberg on the phone on Wednesday, who “agreed that NATO could contribute more to regional stability and the fight against international terrorism.” 
 
US Secretary of State Mike Pompeo spoke with Adil Abdul-Mahdi, the current prime minister of Iraq’s caretaker government, on Thursday. The PM told Pompeo to send a delegation to Baghdad to put in place mechanisms for withdrawal of US forces following a non-binding parliamentary resolution by Shiite lawmakers on Sunday to expel foreign troops. 

“His Excellency asked the US Secretary of State to send delegates to Iraq to put in place mechanisms to implement the parliament’s decision for troops to safely depart Iraq,” read a statement from the Prime Minister’s media office about the Thursday phone call. 

Pompeo’s office also issued a readout of their phone call, but there was no mention of Abdul-Mahdi’s demand for a plan of action to see US troops depart Iraq. 

“Secretary Pompeo reiterated the United States’ condemnation of the Iranian regime’s January 7 launch of ballistic missiles into two sites in Iraq that host Iraqi, American, and Coalition forces working together to defeat ISIS.  The Secretary underscored that, as President Trump has said, the United States will do whatever it takes to protect the American and Iraqi people and defend our collective interests,” read the American statement. 

On January 3, the US assassinated General Qasem Soleimani, the commander of Iran's Islamic Revolutionary Guard Corps (IRGC), and Abu Mahdi al-Muhandis, the deputy head of Iraq’s Iran-backed Popular Mobilization Forces (PMF) militias. The drone strike assassination outside the Baghdad airport was the culmination of steadily rising tension between the US and Iran-backed forces in Iraq. 

In response to the killings of Soleimani and al-Muhandis, slightly more than half of the Iraqi parliament convened on Sunday to vote in favor of a non-binding resolution calling on Abdul-Mahdi to remove all foreign troops from Iraq and revoke Iraq’s request for assistance from the international coalition fighting Islamic State. The legislative body’s Kurdish blocs and most Sunni MPs boycotted the session.  

US officials, including President Donald Trump, have stressed that Washington is not planning to withdraw troops from the country it invaded from 2003 until 2011 and re-entered in 2014 to lead the fight against ISIS. 

The US-led coalition of 81 countries has “provided enhanced training, advise, and assistance and contributed approximately $4 billion in military equipment for the defeat of ISIS,” according to a Coalition press release disseminated on Friday.

Contrary to claims in the Parliament resolution that foreign troops are no longer needed to secure the country “due to the end of military operations in Iraq and the achievement of victory," the Coalition press release detailed ten successful operations against ISIS in the past week, including an Iraqi air strike against ISIS tunnels in Kirkuk province that was conducted “under the supervision of the joint Operations Command.” 

Trump has warned that he will impose sanctions on Iraq if they insist on the withdrawal of US forces from the country. Iraq also relies on Iran sanctions waivers from the US in order to import Iranian gas needed to supply electricity. The current waiver is due to expire in February, at which point they will have to ask the US government to renew it in order to avoid financial penalties. 

The US imposed a new wave of sanctions against Iran this week after the country retaliated for the assassination of their top general by firing ballistic missiles at two Iraqi bases hosting US troops and equipment. 

Pompeo and Treasury Secretary Steven Mnuchin announced the new sanctions on Friday, explaining that they will target eight senior Iranian officials involved in “destabilizing” activities in the Middle East. They stated that President Trump will also issue an executive order to impose sanctions on sectors of the Iranian economy including metals, construction, manufacturing, textiles, and mining. 

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  • yota691 changed the title to Press Briefing with Secretary of State Mike Pompeo and Secretary of the Treasury Steve Mnuchin
3 hours ago, Spartakus said:

Coordlite, Iran is already in so deep this is the very reason that Iraq can't move forward with the revaluation of their currency, Iran wants to keep the Iraqi citizens as poor as possible. They don't want to see a prosperous, vibrant Iraq next door to them, their citizens would be even more irrate against the Iranian government.

 

I respectfully disagree.....Both Iraq and Iran are controlled by the Central Bank.....they will dictate value and timing......those decisions come from the top.....the BIS....

CL

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A deputy calls on America to pay compensation to Iraq worth 20 trillion dollars

11:10 - 13/01/2020
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Information / Baghdad ..
A member of the House of Representatives for the Alliance for Peace Walkers al-Shammari confirmed on Monday that the United States bears the destruction that occurred in Iraq and has to pay internationally estimated compensation to Iraq that amounts to more than 20 trillion dollars.
Al-Shammari said in a statement that he received / the information, a copy of it, that "the American President calls for repeated statements by Iraq to pay amounts and compensation, forgetting or forgetting that what happened in Iraq from the great destruction is borne by successive American administrations."
Al-Shammari added that "what happened in Iraq as a result of the occupation and the subsequent criminal practices that amount to genocide requires the filing of an international suit against it and against those who have been proven criminal operations against the people."
Al-Shammari addressed the American President, asking: Who has the right to seek compensation? Iraqis who carried out the occupation and the ISIS terrorist and paid the fine blood, left their cities and inhabited the camps? Or do you want it without discussion? ”
Al-Shammari called on the government and the Ministry of Foreign Affairs to "work to file an international lawsuit to compensate the people for the killings and destruction caused by the occupation and ISIS terrorism ." Ended / 25

https://www.almaalomah.com/2020/01/13/449320/

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Monday، 13 January 2020 04:30 PM

Iraq warns of 'collapse' if Trump blocks oil cash

\https://www.thebaghdadpost.com/en/Story/45448/Iraq-warns-of-collapse-if-Trump-blocks-oil-cash

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Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 percent of the national budget.

US President Donald Trump was outraged by the Iraqi parliament voting on January 5 to oust foreign forces, including some 5,200 American troops, who have helped local soldiers beat back jihadists since 2014.

If troops were asked to leave, he threatened, "we will charge them sanctions like they've never seen before."

The US then delivered an extraordinary verbal message directly to Prime Minister Adil Abdul-Mahdi's office, two Iraqi officials told AFP.

"The PMO got a call threatening that if US troops are kicked out, 'we' - the US - will block your account at the Federal Reserve Bank in New York," one official said.

Parliament's vote to oust the troops was triggered by outrage over a US drone strike on Baghdad two days earlier that killed top Iranian general Qasem Soleimani and his Iraqi right-hand-man, Abu Mahdi al-Mohandis.

The Central Bank of Iraq's account at the Fed was established in 2003 following the US-led invasion that toppled ex-dictator Saddam Hussein.

Under United Nations Security Council Resolution 1483, which lifted the crippling global sanctions and oil embargo imposed on Iraq after Saddam's invasion of Kuwait, all revenues from Iraqi oil sales would go to the account.

Iraq is OPEC's second-biggest crude producer and more than 90 percent of the state budget, which reached $112 billion in 2019, derives from oil revenues.

To this day, revenues are paid in dollars into the Fed account daily, with the balance now sitting at about $35 billion, Iraqi officials told AFP.

Every month or so, Iraq flies in $1-$2 billion in cash from that account for official and commercial transactions.

"We're an oil-producing country. Those accounts are in dollars. Cutting off access means totally turning off the tap," the first Iraqi official said.

The second official said it would mean the government could not carry out daily functions or pay salaries and the Iraqi currency would plummet in value.

"It would mean collapse for Iraq," the official said.

Trump 'politicises everything'

A third senior Iraqi official confirmed the US was considering "restricting" cash access to "about a third of what they would usually send."

The Federal Reserve declined to comment on Trump's threat.

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In the video, Washington threatens Baghdad with your money in our coffers

 

We are committed to staying and we will not leave, according to the Wall Street Journal, after the Iraqi calls calling for the departure of its forces from Iraq against the background of the assassination of the leaders of the Popular Mobilization and the Qods Force, the Revolutionary Guard, with an air strike west of the capital, Baghdad.

Washington, which said we will not leave, also threatened sanctions that it will impose on Baghdad in the event that it continues to put forth initiatives aimed at removing its forces from the country, and stressed that it is ready to freeze Iraq’s bank account at the Federal Reserve at any moment.
 
The newspaper indicated that this decision and in the event of its occurrence will prevent Iraq from withdrawing any money from its account, which it uses to deposit billions of dollars in oil revenues, which will lead to the collapse of the Iraqi banking system and paralyze the national economy.
According to the sources, an American official informed the resigned Prime Minister, Adel Abdul-Mahdi, in a phone call last Wednesday of the new punishment and the damages that will result from it. In the event of the move, the freezing of Iraqi assets in the account would be an unprecedented step. Referring to the phone call between Abdel-Mahdi and US Secretary of State Mike Pompeo, which Abdel-Mahdi said at the time, he had asked Washington to send experts to start a safe withdrawal.
The Federal Reserve Bank of New York provides banking services to two hundred central banks and government institutions around the world, including the Central Bank of Iraq.
Edited by 6ly410
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Iraq warns of 'collapse' if Trump blocks oil money

FRENCH PRESS AGENCY - AFP
BAGHDAD
Published 13.01.2020 18:32

 

A poster of Iraqi militia commander Abu Mahdi al-Muhandis and Iranian military commander Qassem Soleimani hangs on the door of West Qurna-1 oil field, which is operated by ExxonMobil, Basra, Iraq, Jan. 9, 2020. (Reuters Photo)
A poster of Iraqi militia commander Abu Mahdi al-Muhandis and Iranian military commander Qassem Soleimani hangs on the door of West Qurna-1 oil field, which is operated by ExxonMobil, Basra, Iraq, Jan. 9, 2020. (Reuters Photo)

Responding to U.S. threats to block Baghdad from accessing its account at the Federal Reserve, into which Iraqi oil revenues have been deposited since 2003, Iraqi officials claim that sanctioning the country would lead to economic collapse and push Baghdad toward Russia, Iran and China

https://www.dailysabah.com/energy/2020/01/13/iraq-warns-of-collapse-if-trump-blocks-oil-money

Iraqi officials fear economic "collapse" if Washington imposes threatened sanctions, including blocking access to a U.S.-based account where Baghdad keeps oil revenues that feed 90% of the national budget.

U.S. President Donald Trump was outraged by the Iraqi parliament voting on Jan. 5 to oust foreign forces, including some 5,200 American troops, who have helped local soldiers beat back Daesh terrorists since 2014.

If troops were asked to leave, he threatened, "we will charge them sanctions like they've never seen before."

The U.S. then delivered an extraordinary verbal message directly to Prime Minister Adel Abdel-Mahdi's office, two Iraqi officials told AFP.

"The PMO got a call threatening that if U.S. troops are kicked out, 'we' – the U.S. –will block your account at the Federal Reserve Bank in New York," one official said.

Parliament's vote to oust the troops was triggered by outrage over a U.S. drone strike on Baghdad two days earlier that killed top Iranian general Qassem Soleimani and his Iraqi right-hand-man, Abu Mahdi al-Muhandis.

The Central Bank of Iraq's account at the Fed was established in 2003 following the U.S.-led invasion that toppled ex-dictator Saddam Hussein.

Under United Nations Security Council Resolution 1483, which lifted the crippling global sanctions and oil embargo imposed on Iraq after Saddam's invasion of Kuwait, all revenues from Iraqi oil sales would go to the account.

Iraq is OPEC's second-biggest crude producer and more than 90% of the state budget, which reached $112 billion in 2019, derives from oil revenues.

To this day, revenues are paid in dollars into the Fed account daily, with the balance now sitting at about $35 billion, Iraqi officials told AFP.

Every month or so, Iraq flies in $1-$2 billion in cash from that account for official and commercial transactions.

"We're an oil-producing country. Those accounts are in dollars. Cutting off access means totally turning off the tap," the first Iraqi official said.

The second official said it would mean the government could not carry out daily functions or pay salaries and the Iraqi currency would plummet in value.

"It would mean collapse for Iraq," the official said.

'TRUMP WILLING TO POLITICIZE EVERYTHING'

A third senior Iraqi official confirmed the U.S. was considering "restricting" cash access to "about a third of what they would usually send."

Edited by 6ly410
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After rejecting the decision of the Iraqi parliament: America sends a delegation to negotiate the partnership, not the withdrawal

19:33 - 01/13/2020
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Information / translation ...

A report issued by the American Defense Affairs website, Defense Daily, revealed on Monday that the United States, after rejecting the decision of the Iraqi parliament to withdraw, the United States announced that it would send a delegation to negotiate what it called "partnership", not withdrawal.

The report, translated by Information Agency, quoted US State Department spokeswoman Morgan Ortigas as saying, "At this time, every delegation sent to Iraq will devote its effort to discuss how best to discuss re-commitment to our strategic partnership, not to discuss troop withdrawal, but rather our right to place appropriate forces in Middle east ".

The spokeswoman described the United States as a "force for good", saying, "We want to be a friend and partner of an Iraq that is sovereign, prosperous, and stable." According to her claim

Outgoing Prime Minister Adel Abdul-Mahdi,   angry at the attack violating Iraqi sovereignty and provoking the country again in the war, had asked US Secretary of State Pompeo to send a delegation to discuss the withdrawal of US forces from the country, while the Iraqi parliament voted on the decision. Ended / 25 z

 

https://www.almaalomah.com/2020/01/13/449445/
 

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US State Department: We have no intention of imposing sanctions on Iraq

Political 08:22 - 13/01/2020

https://www.mawazin.net/Details.aspx?jimare=81646

 

image.thumb.png.a432af11b84cb08d5311c2b838d33a56.png

Baghdad- Mawazine News
US State Department spokeswoman Morgan Ortagos said on Monday that his government is in full talks with the Iraqi government, noting that "sanctions" are under review.
"We have no intention of imposing sanctions on Iraq, but the matter is under review," Ortagos said, in a televised interview, via Al Arabiya television. "Noting that any country that does not comply with the sanctions on Iran will face the consequences of the violation."
She noted that "the Iraqi parliament's vote to remove our forces was a decision, not a law," adding that his government was conducting "comprehensive talks with the Iraqi government not only to fight ISIS." End / 29 BC

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Iraq has a lot to lose if US cuts financial ties

31 minutes ago
image.png.b71ff2fd87011247ba0af951c870dd03.png
 
 

ERBIL, Kurdistan Region- The US has threatened to sanction Iraq if Baghdad forces US troops to withdraw from the country. Even if this does not materialize, Iraq has a lot to lose if the US minimizes or cuts banking ties with Iraq.

US and Iran tensions have played out in Iraq, and these tensions have injected uncertainty into the economic future of the country, besides the geopolitical ramifications that have rattled world markets.

The US assassination of Iranian General Qasem Soleimani on January 3 at Baghdad International Airport,  and the subsequent Iranian response ballistic missile response fired on bases housing US troops in Iraq on January 8  destabilised global markets.

For the first time in the past seven years, an ounce of gold price jumped to well above $1,600, and oil prices jumped to above $70 for the first time in months. Later, however,  a speech by US President Donald Trump relieved fears of a possible war between Iran and the US.

 That may have given the world the space to breathe, but the domestic issues that Iraq has accumulated haven’t been resolved, and the future of US troops in Iraq is uncertain.

The future of US troops, which also puts a question mark on US-Iraq relations, have caused uncertainty and lack of clarity for Iraq’s economy. On January 5, Shiite blocs in Iraqi parliament, amid a Kurdish and Sunni boycott, passed a non-binding resolution to ask the Iraqi government to expel foreign troops. 

In response, US President Donald Trump threatened never-seen-before sanctions against Iraq . US officials believe they have invested much fortune and lives in Iraq, and that US troops being forcefully expelled will reverse what has been done. 

One has to ask certain questions, as to whether Iraq can stand on its feet without the US, and what is to be expected in case US forces are expelled.

Even if the US does stop itself from sanctioning Iraq, Baghdad faces dangerous financial impediments. Following 2003’s invasion, the US and Coalition forces backed normalization of Iraq’s financial and economic conditions via the establishment of the Development Fund for Iraq (DFI) in Federal Bank’s New York branch.

This fund helped Iraq retrieve the blocked funds of the previous Baath regime and safeguarded Iraq’s oil sales revenue. Due to the lawsuits filed internationally against the previous regime and Iraq owing $120 billion in debt, there were fears that oil revenues could be confiscated had it not been for the US Treasury Department.

The US also played an instrumental role in having countries forgive their loans to Iraq, thus helping to decrease Iraq’s debts from $120 billion to $40 billion.  Besides the protection of oil sales revenues, Iraq’s trade is conducted through the Trade Bank of Iraq (TBI), with has connections with US investment giant J.P. Morgan.

If the US decides to sever its financial ties to Iraq, then  TBI cannot operate in international trade. 

Another important side of US-Iraq financial ties is that it has helped Iraq secure loans with very little interest. Iraq has sold many bonds in the past years to obtain loans in financial markets. The US Treasury Department gives guarantees for Iraqi financial bonds, and thus the interest incurred from such loans are very minimal.

For example, Iraq’s debts currently have a 1.5% interest rate, but had it not been for US Treasury guarantees, those rates would have stood at 10%.

Besides assistance in terms of Iraqi bonds, Iraq has taken out tens of billions of dollars of loans from the International Monetary Fund (IMF) and the World Bank, and all those loans have been secured with very minimal interest rates.This will not continue without the support and assistance of the  US Treasury Department and White House financial advisers.

Despite its attempts to remain neutral and mediate between Washington and Tehran, the Kurdistan Region cannot insulate itself from the negative impacts of a Baghdad-Washington financial fallout.

The Kurdistan Region remains dependent on Baghdad for providing a large part of the salaries of public servants, and if Iraqi oil sales are hampered, then this poses a direct threat to the funds the Region receives from Baghdad on monthly basis.

Moreover, the US-Iraq fallout has made foreign investors and oil companies worried, and the Kurdistan Region is also impacted.

It is expected that 2020 will be one of the best years for the oil sector of the Kurdistan Region as oil companies plan considerable investments in the oil fields to increase output. Such an increase in oil output also helps the Region’s market. However, if  Iraq’s condition continues to deteriorate, oil sector development will also be hampered.

 

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13-01-2020 10:28 PM

Pompeo: We will work with Iraqi leaders to determine the most appropriate place to deploy American forces

image.php?token=4b82e199f97bcc18ad178ce41ecb1e50&c=7865741&size=
 


 

Baghdad / Al-Akhbariya:
The US Secretary of State, Mike Pompeo, announced that the United States intends to work with the Iraqi leadership to determine the most appropriate place for the deployment of American forces in Iraq.
Pompeo said in a speech to him, California, today, Monday: "As for how the issue of the location of our forces inside Iraq will be resolved in the end, we will work ... with the elected leaders in Iraq to choose the most appropriate place."
The US Secretary of State had confirmed the US readiness to continue the dialogue with Iraq on the "appropriate structure" for the American military presence in the country, following the issuance of a statement by the Office of the Iraqi Prime Minister, Adel Abdul-Mahdi, in which he said he had requested to send delegates to Iraq to put in place mechanisms for implementation. Iraqi House of Representatives decision to withdraw American forces.
 

 

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Kurdish lawmaker: We do not intend to challenge the decision to remove American forces, and we will be committed to directing the government

13:30 - 14/01/2020
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The information / Baghdad ..

The Kurdish Islamic Group member, Salim Hamza, affirmed on Tuesday that there is no intention for the Kurdish forces to challenge the parliament’s decision to withdraw American forces from Iraq , indicating that the Kurdish forces are committed to the government’s decision and directing it despite some reservations about the decision.

Hamzah said in a statement to "Information" that "all Kurdish political forces do not intend to challenge the decision of Parliament regarding the withdrawal of American forces from Iraq at all."

He added that "the Kurdish parties respect the views of the majority, but they expressed reservations about the decision and its implications for the security of the country at the present time."

"We support the removal of all foreign forces from Iraq and support the government's approach in this regard, despite some difference in views on setting the time and mechanisms to get these forces out, " Hamzah said. Finished / 25 d

https://www.almaalomah.com/2020/01/14/449556/

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Iraq Wants To Acquire The Russian S-400 System, And Washington Threatens Sanctions

 

 

Last update January 15, 2020

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The Independent ... US Deputy Assistant Secretary of State for Middle East Affairs Joy Hood revealed that his country may impose sanctions on Iraq if the Russian S-400 defense system is acquired.

According to US media, quoting Hood about the S-400, it is "likely that the purchase will lead to sanctions." Therefore, we advise our partners not to make such purchases. ”

And the Parliamentary Security and Defense Committee stated earlier, through its Chairman, Mohamed Reda, that Iraq has resumed negotiations with Moscow on purchasing a defense system.

https://www.mustaqila.com/العراق-يريد-اقتناء-منطومة-إس-400-الروسية/

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