June 12, 2022
2 mins read

Iran, Venezuela sign 20-yr partnership agreement

The Iranian President added that Iran “has decided to leverage” sanctions imposed against it and make them “improvement opportunities for the country”….reports Asian Lite News

Iranian President Ebrahim Raisi and his visiting Venezuelan counterpart Nicolas Maduro signed a 20-year partnership agreement to boost cooperation in energy, economy, tourism, culture, and politics, local media reported.

Speaking at a press conference after the signing of the agreement on Saturday, Raisi said that Iran has always sought to have ties with “independent countries” and that “Venezuela’s resistance against imperialism and enemies was exemplary”.

The Iranian President added that Iran “has decided to leverage” sanctions imposed against it and make them “improvement opportunities for the country”.

Maduro, who arrived in Tehran on Friday with a high-ranking politico-economic delegation, said at the press conference that a weekly flight from Caracas, Venezuela’s capital, to Tehran would begin on July 18, Iranian state news agency IRNA reported.

The Venezuelan President’s first visit to Iran comes amid the impasse of Iran’s nuclear talks with world powers. Sanctions imposed by the United States and rising global food prices are putting additional strain on Iran’s government and people, Xinhua news agency reported.

On Saturday, the Venezuelan leader met with Iranian Supreme Leader Ayatollah Ali Khamenei, during which Maduro said his country is drawing up a “precise roadmap for improving cooperation with Iran in various fields, particularly science and technology”.

“Venezuela has succeeded in fully confronting the US aggression through resistance,” said the Venezuelan President, adding that the economic situation in the South American country has improved greatly over the past few years.

Lauding the relationship between the two sides, Khamenei said that by strengthening ties with Venezuela, Iran has shown that “it takes risks in times of danger and offers a helping hand to its friends”.

Iran has provided several fuel cargos to Venezuela and helped it in refinery repairs, despite the pressure from the United States. Venezuela started importing Iranian heavy crude in May, expanding on a swap agreement signed in 2021 to trade Iranian condensate for Venezuelan heavy crude.

Iran is the third country Maduro visited this week after trips to Turkey and Algeria.

ALSO READ: Iran condemns missile attack on Damascus, vows support to Syria

Previous Story

Zelensky asks EU for 7th sanctions package against Russia

Next Story

‘Ukraine war could add 19 mn more to hunger crisis’

Latest from -Top News

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

Relief for Students: US Visa Cancellations Paused

More than 1,500 student visas have been cancelled so far…reports Asian Lite News The United States on Friday abruptly paused the cancellation of student visas issued to international students, according to reports.

Yunus Must Be Treated Like Hasina, Warn Islamists

Islamist group made these warnings to the interim government, terming the women’s reform body proposals as “anti-Islamic…reports Asian Lite News The radical Islamist group in Bangladesh, Hefazat-e-Islam, has issued a threat, stating

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist
Go toTop

Don't Miss

‘Iranian troops training Russians to use drones’

While Iranian troops haven’t flown the drones themselves, their technical

Iran sends back at least 4,000 Afghan refugees in one day

Iranian border official Parwiz Qasimzada said that these Afghan migrants