The volume of Iraqi-Russian trade exchange, excluding military cooperation and the energy sector, jumped to $ 1.4 billion in 2017, from $ 1 billion a year earlier.
The rise comes despite the signs of a crisis between the government of Baghdad and some Russian oil companies, which challenged the central government of Baghdad to increase investment in the Kurdistan Region without obtaining official approvals, according to the newspaper “life” on Friday.
“The volume of trade exchange between the two countries, except for cooperation in the field of energy and the military field, rose by 53 percent in 2016 compared to 2016, and reached $ 1.402 million,” the Iraqi ambassador to Moscow, Haidar al-Athari, told a news conference. 916 million and 800 thousand dollars. ”
Al-Athari said that “the volume of cooperation is below the level of ambition compared to the potential of the countries.” He continued to hold meetings of the Joint Governmental Committee and the level of Iraqi Foreign Minister Ibrahim al-Jaafari, Deputy Prime Minister Dmitry Ragosin, and the membership of representatives of all ministries for both The two countries, to work to develop relations between the two countries in all fields. ”
“The Russian companies play an important role in the field of reconstruction in Iraq, and the embassy is promoting investment opportunities and contribute to reconstruction projects, and there is a good turnout by Russian companies.”
Source: Iraq’s Economic Center