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UPDATE 1 – US grants Iraq 120-day waiver to pay for Iranian electrical energy

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WASHINGTON, March 31 (Reuters) – America has renewed a waiver permitting Iraq to pay for electrical energy imported from Iran, this time giving Baghdad 120 days to scale back its power dependence on Tehran a State Division spokesperson mentioned Wednesday.

The waiver was renewed regardless of US sanctions imposed after former US President Donald Trump withdrew from a 2015 nuclear deal between the Islamic Republic and world powers, and Iran started to violate the phrases of the settlement.

America has issued common waivers on Iraq since reimposing the sanctions, however final yr it shortened their period to encourage Iraq to scale back its use of Iranian power.

Wednesday’s 120-day extension was the primary below President Joe Biden, who has sought to renew diplomacy with Iran to revert to the nuclear deal.

“The waiver ensures that Iraq is ready to meet its short-term power wants whereas taking measures to scale back its dependence on Iranian power imports,” the spokesperson mentioned. (Reporting by Daphne Psaledakis; Written by Diane Bartz; Modifying by Invoice Berkrot)

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