US grants Iraq 90-day extension to Iran sanctions waiver

The United States has granted Iraq a 90-day extension of an exemption from sanctions re-imposed on neighboring Iran in order to keep importing electricity and natural gas and meet its energy needs.

Senior officials close to negotiations said on Thursday that a delegation of Iraqi officials managed to secure a waiver just as the previous 45-day waiver expired. The temporary relief from the sanctions provides additional time for Iraq to find a way to pay Iran for imports of natural gas and other energy in denominations other than the USD to avoid the sanctions.

Source: VOV5