…prior to this release any financial returns in hard currency (oil revenues) did not go directly to Iraq, but through the United States Federal Bank. So, in the future, oil revenues will go directly to Iraqi Central Bank (CBI)…Do you see where this is going? On Feb 9 in a UN council meeting, it was decided that the UN would release Iraq from all Chapter VII sanctions on Feb 22. In this case the US Treasury OFAC sanctions should also be released as well as any sanctions by the EU. [post 2 of 2]
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