Sanctions Vacated After Iraqi Entities Satisfy $120M Judgment In Port Dispute

( October 31, 2025, 1:04 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on Oct. 30 terminated sanctions against the Republic of Iraq and two government entities and vacated sanctions of $15,000 per day accruing for several months, after a Cypriot construction company filed notice that the entities had satisfied the court’s judgment against them reflecting a confirmed international arbitration award worth more than $120 million....