Iraqi Prime Minister Muhammad Shiaa Al-Sudani confirmed Iraq’s commitment to pay Russian dues as part of the Paris Club debt. He expressed hope for an agreement between the two countries.
During an interview with the “Sputnik” agency, Al-Sudani stated that Iraq has outstanding payment obligations owed to Russia through the Paris Club debt. Despite being committed to paying these dues, Iraq may seek an exception to avoid reducing their credit rating.
“Russia has investments in oil and military contracts. We hope to agree on appropriate formulas to pay its dues in the future,” he said.
During his visit to Baghdad in February, Iraqi Foreign Minister Fuad Hussein discussed with Russian Foreign Minister Sergei Lavrov the issue of Russian payments owed to Iraq.
During his visit to Baghdad in February, Iraqi Foreign Minister Fuad Hussein discussed with Russian Foreign Minister Sergei Lavrov the issue of Russian payments owed to Iraq.
He said, “We analyzed how to handle the receivables of these companies from Iraq in the context of sanctions on Russia. Our goal is to protect Iraqi banks from the impact of these sanctions.”
The Iraqi minister indicated that the Iraqi-Russian joint committee would meet in Baghdad this year to discuss Russian companies’ dues to Iraq.
