US President threatens severe sanctions against Iraq over troops removal
US President Donald Trump is threatening severe sanctions in retaliation against Iraq, if the Middle East nation orders US troops to leave the country
US President Donald Trump is threatening severe sanctions in retaliation against Iraq, if the Middle East nation orders US troops to leave the country.
The Iraqi parliament has passed a resolution calling for US and other coalition forces to leave the country in response to the Trump administration's authorisation of a drone strike near the Baghdad airport that killed Iranian General Qasem Soleimani, reported American Shipper.
According to a January 5 CNBC news report, Mr Trump told reporters on Air Force One that 'if they do ask us to leave, if we don't do it in a very friendly basis, we will charge them sanctions like they've never seen before ever. It'll make Iranian sanctions look somewhat tame.'
The Treasury Department's Office of Foreign Assets Control (OFAC) has said there are currently 'no broad-based sanctions' for Iraq. Certain US business prohibitions, however, remain in place for individuals and entities related to the former Saddam Hussein regime or against those parties that threaten the country's economic stability.
Section 746.3 of the Commerce Department's Export Administration Regulations, which is enforced by the Bureau of Industry and Security (BIS), also continues to impose special controls and licensing requirements for certain exports or reexports to Iraq.
These requirements apply to items intended for 'military end use' or 'military end users', subject to the Commerce Control List, or used for the development of missiles, encryption and weapons with nuclear, chemical and biological components.