Iranian, Venezuelan regimes sign 20-year cooperation agreement

Source: Deutsche Welle [German state media]

“Venezuela signed a 20-year cooperation agreement with Iran Saturday, a day after President Nicolas Maduro praised the Islamic Republic for sending badly needed fuel to his country. The accord comes as the two countries, among the world’s top oil producers, grapple with US sanctions that are crippling their exports. Maduro said, alongside Iranian President Ebrahim Raisi, that the cooperation would include the energy and financial sectors as well as a collaboration on ‘defense projects.’ … Maduro is on a Eurasia tour after President Joe Biden chose not to invite him to the Summit of the Americas. Before arriving in Iran, he was in Algeria and Turkey.” (06/11/22)