US grants Iraq 90-day extension to Iran sanctions waiver

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(VOVWORLD) - 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.

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