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Iraq abides by US sanctions on Iran - PM Abadi.

BAGHDAD, Aug 7 (KUNA) -- Iraq is abiding by US sanctions on Iran although it was not "sympathetic" with the principle of imposing economic sanctions, Prime Minister Haidar Al-Abadi said Tuesday. Iraq will abide by the reimposition of American sanctions on Iran "because it will otherwise lose," Abadi told a news conference. "We are not sympathetic with the sanctions and don't consider them right, but we will abide by them to protect interest of our people," he added. Non-compliance with the sanctions "will harm our people and our country and this is unacceptable," said Abadi. Iraq, he added, would not be able to deal with the US Dollar but with the American Federal Reserve, or central bank, and would not thus be able to leave the global economic regime. Earlier today, US President Donald Trump warned countries doing business with Iran, saying they will "NOT be doing business with the United States," as sanctions on Iran were reimposed. The first round of sanctions, which were reimposed at midnight target Iran's auto sector, precious metals, and rails. All remaining nuclear-related sanctions will resume November 5 and will hit Iran's energy sector and transactions with the Central Bank of Iran. The Trump administration has so far issued 17 rounds of Iran-related sanctions and designated 145 companies or individuals. (end)

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Publication:Kuwait News Agency (KUNA)
Geographic Code:7IRAN
Date:Aug 7, 2018
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