Russian minister of foreign affairs Sergei Lavrov visited Baghdad today with a high-level delegation including businessmen politicians and journalists.
The conflict between NATO and Russia has created more space to maneuver geopolitically speaking for nations like Iraq. We hope this visit will reflect the new multi-polar reality of the world. It is time Iraq uses the opportunity to shift out of the US sphere of influence (occupation) and build equitable relations with non aligned nations.
Iraq has lots to gain from a relationship with Russia in terms of investments in the energy sector, security, air defense systems etc. Building strong relationships with countries such as Russia and China could start the de-dollarisation process of the Iraqi economy. Trading in Dinar-Ruble, Dinar-Yuan, Dinar-Rupee and other local currencies would be the ultimate solution to solve the current dollar crisis in Iraq.
Having all revenue from oil sales deposited at the Federal Reserve bank of New York amounts to a economic occupation. Iraq will not be an autonomous nation as long as it does not control it's money, airspace, borders etc.These are all issues a strong relationship with Russia could change.