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Moscow in Final Stages of Reaching Economic Cooperation Agreement with Iraq

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

Moscow is finalizing an economic cooperation agreement with Iraq, focusing on oil and electricity sectors, valued at $40 billion over five years. The agreement is set to be signed next month in Baghdad. This development highlights Russia's increasing engagement in the Middle East.

🔍 Quick Context Guide
💡 Bottom Line: Russia's economic agreement with Iraq underscores its growing presence in the Middle East and could impact regional dynamics.

👥 Key Players

Boris Malakhov MENTIONED
Spokesperson for the Russian Foreign Ministry
"Represents Russia's official stance and engagement in international agreements, particularly in the Middle East."
Abbas Khalaf MENTIONED
Iraqi Ambassador in Moscow
"Facilitates Iraq's diplomatic and economic relations with Russia, crucial for Iraq's economic development."

📰 What Happened

Moscow is finalizing a ten-year economic cooperation agreement with Iraq, focusing on sectors like oil and electricity, valued at $40 billion for the first five years. The agreement is expected to be signed next month in Baghdad.

  • The agreement emphasizes cooperation in oil and electricity sectors.
  • It is stated that the agreement does not violate any international conventions.

💡 Why It Matters

🇮🇷 For Iran: Iran may view this agreement as a challenge to its influence in Iraq, as Russia's economic involvement could shift Iraq's alliances.
🌍 Regional: The agreement highlights increasing Russian involvement in the Middle East, potentially altering the balance of power in the region.
🌐 International: Western nations may perceive this as a move by Russia to expand its influence in a region traditionally dominated by U.S. interests.

📚 Background

Russia has been actively seeking to expand its economic and political influence in the Middle East, particularly in the wake of U.S. withdrawal from various engagements in the region.

Russia's foreign policy in the Middle East Iraq's economic development and energy sector
📡 Source: NEUTRAL
📊 Confidence: 70%
The information comes from official statements, which are generally reliable but may reflect the interests of the Russian government.

Moscow is in the final stages of reaching an agreement with Iraq regarding economic cooperation between the two countries. Boris Malakhov, a spokesperson for the Russian Foreign Ministry, confirmed to reporters today in Moscow that no specific amount has been mentioned in this agreement. He emphasized that this ten-year agreement on cooperation in the oil, electricity, and other sectors does not violate any international conventions. Abbas Khalaf, the Iraqi ambassador in Moscow, announced on Friday that the value of this agreement will be 40 billion dollars in just the first five years. Mr. Khalaf stated today that the economic cooperation agreement between the two countries will be signed next month in Baghdad.

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

Translation confidence: 85%

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