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

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that

Uganda, South Sudanese leaders hold talks

Museveni, who is among the guarantors of a 2018 peace agreement that ended a five-year civil war, held closed-door discussions with President Salva Kiir Uganda’s President Yoweri Museveni was expected to meet

Protests across US against Trump

The largest event was at the National Mall in DC, where demonstrators numbered in the tens of thousands People across the US took to the streets on Saturday to oppose what left-leaning

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop

Don't Miss

Turkey resumes full gas flow to industrial plants as Iranian supply restarts

Turkey’s state pipeline operator announced that the full flow of

Iran has 120 kg of 20%-enriched uranium: Atomic Agency

It estimated that Iran had 84.3 kilos of uranium enriched