September 29, 2022
Under US sanctions, Iran and Venezuela sign 20-year cooperation plan

Iranian President Ebrahim Raisi shakes hands with Venezuelan President Nicolas Maduro during a welcoming ceremony, in Tehran, Iran, June 11, 2022. President Website/WANA (West Asia News Agency)/Handout via REUTERS

June 11 (Reuters) – Iran and Venezuela, oil producers grappling with crippling U.S. sanctions, signed a 20-year cooperation plan in Tehran on Saturday, with the Islamic Republic’s supreme leader saying the allies would continue to resist pressure from Washington.

The signing ceremony, carried by Iranian state TV, was overseen by Iranian President Ebrahim Raisi and his Venezuelan counterpart Nicolas Maduro and took place at the Saadabad Palace in north Tehran.

“Venezuela has shown exemplary resistance against sanctions and threats from enemies and Imperialists,” Iran’s Raisi said. “The 20-year cooperation document is testimony to the will of the two countries to develop ties.”

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