Parliamentary committee calls on government to abide by international resolutions on Iran
BAGHDAD (AKnews) : The economy and investment committee in the Iraqi Council of Representatives has called on the government to abide by the international resolutions about sanctions against Iran due to its nuclear program.
Committee chairman Ahmed al-Alwani said: "Iraq must respect the international laws issued against Iran, especially since Iraq is still under Chapter VII of the UN Charter.
"Iran has problems with the United Nations related to international sanctions and has investments with Iraq and is - through the economic situation in Iraq - trying to compensate the economic damage as a result of international sanctions."
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The economic sanctions on Iran included the export of oil and other financial sanctions due to its nuclear program.
Iraq and Iran have extensive commercial relations, where the volume of commercial exchange between the two countries reached about $10bn.
US authorities are conducting an investigation with a number of banks about converting billions of dollars in transactions linked to Iran.