October 1, 2022
Sanctions-hit Iran, Venezuela sign 20-year cooperation deal

Iranian President and his Venezuelan counterpartshake hands at the conclusion of their joint news briefing at the Saadabad Palace in Tehran, Iran, June 11, 2022. (Photo |AP)

TEHRAN: Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit Saturday to the Islamic republic by Venezuelan President Nicolas Maduro.

The inking of the agreement “shows the determination of the high-level officials of the two countries for development of relations in different fields,” Iranian President Ebrahim Raisi said.

Maduro, speaking at a joint news conference in Tehran, said the cooperation covered the energy and financial sectors as well as “work together on defence projects”.

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