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Iran, Venezuela sign 20-year cooperation plan during Maduro’s visit to Tehran

Iran and Venezuela signed a 20-year “cooperation roadmap” as Venezuelan President Nicolas Maduro met his Iranian counterpart Ebrahim Raisi on Saturday in Tehran. The two leaders met at Saadabad Palace in the Iranian capital and the meeting was aimed at strengthening bilateral relations between two nations facing harsh sanctions from the United States. At a joint press conference, the two leaders said the deal would boost both countries’ sectors like trade, energy, science and technology, agriculture and tourism. Both economies are currently struggling and this agreement has been hailed as a step towards stabilizing the situation in Iran and Venezuela.

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“The foreign policy of the Islamic Republic of Iran has always been to maintain relations with independent countries, and Venezuela has shown that it has shown incredible resilience against threats and sanctions from enemies and imperialism,” Raisi said according to an Al-Jazeera report.

The other major agreement between the two leaders was the establishment of a direct flight between Tehran and Caracas which will start operations from July 18 this year.

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“I believe that our future will be one of pleasant and solid friendships. The future of the world is one of equality and justice and resistance to imperialism. We have to build this future together,” Maduro said after announcing the direct flight between the capitals of the two nations.

In 2021, Iran and Venezuela signed an oil swap deal that resulted in Iran sending heavy crude oil to Venezuela, helping Maduro avoid a fuel crisis in his country.

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Post expires at 1:43pm on Tuesday June 21st, 2022