U.S. to grant Iraq waiver over Iran sanctions for gas and food
The waiver is conditional on Iraq not paying Iran for the imports in U.S. dollars, said the officials, who included a member of Iraq's ministerial committee that oversees energy activities. The U.S. sanctions take effect on Nov. 4.
The ministerial committee official said Iraq's finance ministry had set up an account with a state-run bank where Baghdad would deposit in Iraqi dinars the amounts owed to Iran for the imports. ■