Brazil allocates $1.2b for economic cooperation with Iran: Envoy
Brazil has earmarked $1.2 billion to boost cooperation with Iran in various economic fields, said the Brazilian ambassador to Iran.
Rodrigo de Azeredo Santos, who was speaking in a meeting with the Head of Iran-brazil Chamber of Commerce Kaveh Zargaran in Tehran on Sunday, further voiced Brasilia’s willingness to continue economic cooperation with Tehran even after the US sanctions are reimposed on the Islamic Republic in November, reported Tasnim News Agency.
“To that end, we have found some solutions in the talks with the Iranian side, which will be implemented,” he added. Brazil has allocated the credit lines to economic activists in the Latin American country to cooperate with Iran, the diplomat said, adding that the credit line will be opened by the Brazilian Development Bank.
Iran has enhanced political contacts with foreign countries on the ways to save the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) following US exit.
On May 8, the US president pulled his country out of the JCPOA, which was achieved in Vienna in 2015 after years of negotiations among Iran and the P5+1 (Russia, China, the US, Britain, France and Germany).
Following the US exit, Iran and the remaining parties to the JCPOA launched talks to save the accord.
Meanwhile, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has underlined that any decision to keep the JCPOA running without the US should be conditional on ‘practical guarantees’ from the Europeans.