Iraq expects $5B from Russia for economic recovery

MOSCOW

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

Victory against Daesh 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.