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05:25, 20 March 2018 Tuesday
Update: 15:55, 27 February 2018 Tuesday

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Iraq expects $5B from Russia for economic recovery
Iraq expects $5B from Russia for economic recovery

Russian Foreign Minister Sergey Lavrov urged international community to help with Iraq's sovereignty, territorial integrity

World Bulletin / News Desk

Iraq expects Russian to invests $5 billion for economic recovery, Foreign Minister Ibrahim al-Jaafari said Monday.

Victory against ISIL has allowed Iraq to begin to return to a peace and Iraq needs a lot of help, al-Jaafari said at a news conference following a meeting with his Russian counterpart Sergey Lavrov.

Al-Jaafari promised an attractive environment for Russian investors.

In turn, Lavrov said Russia supports Iraqi efforts to rebuild and urged the international community to help form a government of national accord for Iraq's sovereignty and territorial integrity.

At a conference earlier this month, negotiations between an Iraqi delegation and representatives from the UN, World Bank and various nations resulted in a statement of readiness to invest $30 billion in Iraq.

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