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Iraq and Russia on the Verge of Signing a $40 Billion Economic Cooperation Agreement

Feb 12, 2026 February 12, 2026 1 min read 📰 VOA Persian
📋 Key Takeaway

Iraq and Russia are about to sign a significant $40 billion economic cooperation agreement amidst U.S. preparations for a potential military action against Iraq. This agreement, which spans five years, will focus on various sectors including oil and energy. The situation highlights the geopolitical tensions surrounding Iraq and the U.S. stance on Saddam Hussein.

🔍 Quick Context Guide
💡 Bottom Line: The Iraq-Russia economic agreement signals a potential shift in alliances and economic strategies in the face of U.S. military threats.

👥 Key Players

Iraq MENTIONED
Nation-state
"Iraq is a key player in Middle Eastern geopolitics, particularly due to its oil resources and strategic location."
Russia MENTIONED
Nation-state
"Russia is a significant global power with interests in expanding its influence in the Middle East, particularly in energy sectors."
United States MENTIONED
Nation-state
"The U.S. is involved in Iraq due to security concerns and its policy of regime change against Saddam Hussein."
Saddam Hussein MENTIONED
Iraqi leader
"As the president of Iraq, his regime is the focus of U.S. military action and international scrutiny due to alleged weapons of mass destruction."

📰 What Happened

Iraq and Russia are set to sign a $40 billion economic cooperation agreement focusing on oil and energy sectors. This development occurs amid U.S. preparations for potential military action against Iraq.

  • The agreement spans five years and covers multiple sectors.
  • The U.S. is seeking international support for a possible invasion of Iraq.

💡 Why It Matters

🇮🇷 For Iran: Iran may view this agreement as a counterbalance to U.S. influence in the region and a strengthening of ties among countries opposed to U.S. policies.
🌍 Regional: The agreement could shift regional alliances and economic dependencies, impacting the balance of power in the Middle East.
🌐 International: This development complicates U.S. efforts to isolate Iraq and may embolden other nations to pursue closer ties with Russia.

📚 Background

The geopolitical landscape in the Middle East is heavily influenced by oil resources, military interventions, and international alliances. The U.S. has long sought to limit Iraq's influence under Saddam Hussein, particularly regarding weapons of mass destruction.

U.S. foreign policy in the Middle East Energy security and geopolitics
📡 Source: INTERNATIONAL
📊 Confidence: 70%
The article presents a factual report on the agreement and U.S. military intentions, but should be interpreted with an understanding of the geopolitical biases of the reporting sources.

Iraq and Russia are on the verge of signing a $40 billion economic cooperation agreement. This news comes at a time when the United States is preparing for a possible attack on Iraq. Abbas Khalaf, the Iraqi ambassador in Moscow, stated that the five-year agreement covers areas of cooperation in oil, electricity energy, and other sectors. Meanwhile, the U.S. is seeking international support for a potential invasion of Iraq and the ousting of Saddam Hussein from power. On Friday, President Bush stated that everyone should understand that the Iraqi leader is a problem for his neighbors while also seeking weapons of mass destruction.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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