Iraq seeks Italian refund for military purchases ...Saudi Arabia

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Iraq seeks Italian refund for military purchases
source : ARAB NEWS ( Saudi Arabia ) () 10
Thu, 2021-05-06 14:33 ROME: Iraq has asked Italy to return the €90 million ($108.53 million) Saddam Hussein’s regime paid to Italian companies to purchase military equipment that was never delivered because of the 1991 embargo on the sale of arms to Iraq. Iraqi Foreign Minister Fuad Hussein met his Italian counterpart Luigi Di Maio in Rome on Wednesday and explained the money was paid to Italian aerospace and defense company Leonardo and the Fincantieri shipyard. “There are 60 million euros frozen in Italian banks, plus interest, and 30 million more in current accounts of the embassy and other employees. It is our right to recover that amount, and we have no intention of giving up on th

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