I thought that was to avoid sanctions. Not because their "money" goes into a US controlled bank account.
JF-17/FC-1 Fighter Aircraft thread
- Thread starter johnqh
- Start date
I thought that was to avoid sanctions. Not because their "money" goes into a US controlled bank account.
Iraq warns of ‘collapse’ as Trump threatens to block oil cash kept in Fed bank
Sources say US president has warned of sanctions that would immediately block 90% of Baghdad’s budget; Iraqi PM said ‘pissed,’ as official says Trump ‘politicizes everything’
...
13 January 2020
...
Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 percent of the national budget.
US President Donald Trump was outraged by the Iraqi parliament voting on January 5 to oust foreign forces, including some 5,200 American troops, who have helped local soldiers beat back jihadists since 2014.
If troops were asked to leave, he threatened, “we will charge them sanctions like they’ve never seen before.”
...
“The PMO got a call threatening that if US troops are kicked out, ‘we’ — the US — will block your account at the Federal Reserve Bank in New York,” one official said.
...
The Central Bank of Iraq’s account at the Fed was established in 2003 following the US-led invasion that toppled ex-dictator Saddam Hussein.
Under United Nations Security Council Resolution 1483, which lifted the crippling global sanctions and oil embargo imposed on Iraq after Saddam’s invasion of Kuwait, all revenues from Iraqi oil sales would go to the account.
Iraq is OPEC’s second-biggest crude producer and more than 90 percent of the state budget, which reached $112 billion in 2019, derives from oil revenues.
To this day, revenues are paid in dollars into the Fed account daily, with the balance now sitting at about $35 billion, Iraqi officials told AFP.
Sources say US president has warned of sanctions that would immediately block 90% of Baghdad’s budget; Iraqi PM said ‘pissed,’ as official says Trump ‘politicizes everything’
...
13 January 2020
...
Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 percent of the national budget.
US President Donald Trump was outraged by the Iraqi parliament voting on January 5 to oust foreign forces, including some 5,200 American troops, who have helped local soldiers beat back jihadists since 2014.
If troops were asked to leave, he threatened, “we will charge them sanctions like they’ve never seen before.”
...
“The PMO got a call threatening that if US troops are kicked out, ‘we’ — the US — will block your account at the Federal Reserve Bank in New York,” one official said.
...
The Central Bank of Iraq’s account at the Fed was established in 2003 following the US-led invasion that toppled ex-dictator Saddam Hussein.
Under United Nations Security Council Resolution 1483, which lifted the crippling global sanctions and oil embargo imposed on Iraq after Saddam’s invasion of Kuwait, all revenues from Iraqi oil sales would go to the account.
Iraq is OPEC’s second-biggest crude producer and more than 90 percent of the state budget, which reached $112 billion in 2019, derives from oil revenues.
To this day, revenues are paid in dollars into the Fed account daily, with the balance now sitting at about $35 billion, Iraqi officials told AFP.
Offtop: Mig-29(35)/JF-17 together actually make a sensible and financially-viable pair.
Engine unification (corresponding RD-93 and RD-33 differ only in minor details, spares chain is basically the same) is super important here.
Oh cmn, typical French-style not-a-colony.
With the type of SAM systems available now and their accuracy - the whole idea that the HAFR has any military utility against airfields is suicidal. Most likely still being pimped by some ex-airforce general for kickbacks, than a sensible military purchase. SOW are the way to go. Just ask Russia with their experience in Ukraine.
An new engine test stand has been inaugurated. It's part of the overall infrastructure for locally maintaining RD-93 turbofans.
Pakistan will not re-engine their JF17s with a Chinese engine - there is to much sunk cost already into the RD series and switching engines now makes no economic sense for them. They may look at a more advance variant of the RD93 if Russia can develop one, but an engine switch at this stage is off the table.
Other new purchases of the JF17C may look to chinese engines as they will have no sunk cost to consider, but PAF is too cost conscious to consider it.
To be fair, most countries in the world don't really have too many SAMs.
Thus it's either overflight is feasible in the first place, or DEAD is practical(and then overflight again becomes possible).
