E.U. Comes to Iran’s Aid

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FILE PHOTO: The national flag of Iran is seen on top of the Austrian Chancellery during the visit of President Hassan Rouhani in Vienna

Reuters

 

BRUSSELS (Reuters) – The European Union agreed 18 million euros ($20.6 mln) in aid for Iran on Thursday, including for the private sector, to help offset the impact of U.S. sanctions and salvage a 2015 deal that saw Tehran limit its nuclear ambitions.

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The EU is working to maintain trade with Iran, which has threatened to stop complying with the nuclear agreement if it fails to see the economic benefits of relief from sanctions.

The bloc’s foreign policy chief Federica Mogherini said in a statement the bloc was committed to cooperation with Iran.

“This new package will widen economic and sectoral relations in areas that are of direct benefit to our citizens,” she said.

The bloc will spend 8 million euros on the Islamic Republic’s private sector, including assistance for small and medium-sized enterprises and Iran’s Trade Promotion Organisation.

Full article: E.U. Comes to Iran’s Aid (Washington Free Beacon)

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