Iraq approves $17 billion to pay Iran gas debt and buy grain ...Kuwait

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Iraq approves $17 billion to pay Iran gas debt and buy grain
Iraq passed Wednesday an emergency finance bill to pay debts to Iran to ensure gas supplies and forestall worsening power cuts, as well as to buy grain for "food security". Parliament, which has still not adopted its budget for 2022, approved the law relating to "food security and development" totalling 25 trillion Iraqi dinars, or just over $17 billion. Of that, $2.6 billion will be allocated to settling Iraq's gas and electricity debts, as well as for buying further energy supplies from abroad. About $3.4 billion will be used to buy cereals, including large volumes of wheat supplies from both the domestic market and abroad. In the wake of the #UkraineWar and India

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