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Irked US squeezes Iraq with cash delays, short waivers

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AFP Baghdad
Last Updated : Feb 15 2020 | 9:24 AM IST

Irked by Iraq's close ties to neighbouring Iran, Washington has begun following through on threats to squeeze Baghdad's fragile economy with delays to crucial cash deliveries and slashed sanctions waivers.

This week, the US granted Iraq last-minute leave to import Iranian gas for its crippled power grids, despite American sanctions on Tehran. But Washington's patience seems to be running out: the latest waiver was hacked from the usual 90 or 120 days to just 45.

"This is the beginning of death by a thousand cuts," warned financial analyst Ahmed Tabaqchali, of the Iraq-based Institute of Regional and International Studies.

"The shorter the waiver, the more we can't afford for things to go wrong in that time."

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First Published: Feb 15 2020 | 9:24 AM IST

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