Iraq Bankrolls 40% of Iran's Budget

Iran just announced that it received another $700 million cash from Iraq. Iran's Energy Minister Redha Ardekaneyan made the announcement today on its government's "Khabar" channel. 

Even though the US Treasury prohibits Iraq from paying the Iranian government which is under sanctions, the 45-day waivers continue to be extended seemingly endlessly.

According to the World Bank, Iraq burns off or wastes about 18 billion cubic meters of gas annually, and Iraq is estimated to be the number two in the world for burning off gas after Russia.

Nevertheless, Iraq imports an estimated 240 to 420 million cubic meters annually from Iran, a fraction of what Iraq burns off, providing Tehran with millions of dollars of revenue.

In fact Iraq provides about $13 billion of Iran's official annual budget of $33 billion, about 40%.  In other words Iraq bankrolls 40% of Iran's operations which include its Revolutionary Guards militias, its militias in Syria, Lebanon, and Yemen.

All this, while the Iraqi government squeezes the average Iraqi by delaying retirement payments to the elderly and limited income families.

To add insult to injury, Iran also announced that Iraq will buy for Iran, the Covid-19 vaccine from Europe. 

All thanks to George W. Bush for making Iraq a cash cow slave to Iran, by installing Iranian proxies in Baghdad.