Iraq, Russia sign agreements, MoUs in various fields

Iraqi Foreign Ministry said on Thursday that Iraq and Russia signed a number of agreements and memorandums of understanding (MoUs) in various fields.

A statement by the ministry said that Iraqi Foreign Minister Mohammed al-Hakim and visiting Russian Deputy Prime Minister Yury Borisov, signed the minutes of the joint meeting of the eighth session of the Joint Iraqi-Russian Commission.

The two sides “agreed to develop and strengthen the joint cooperation in various productive and service sectors,” the statement said.

“They also agreed to take all measures to remove obstacles that hamper the trade and investment exchange between the two countries,” it added.

“The meeting resulted in the signing of a number of agreements and MoUs in various fields, including trade, finance and banking as well as education,” the statement said.

In February, Maksim Maksimov, Russian ambassador to Baghdad, said that the Russian investments in the Iraqi oil and gas sector have amounted to more than 10 billion U.S. dollars, and the Russian companies intend not to stop at this investment volume.