European Union High Representative Federica Mogherini (L) and Iranian Foreign Minister Javad Zarif wait for a meeting with officials from P5+1, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne March 31, 2015. REUTERS/Brendan Smialowski/Pool
Reuters: EU agrees 18 million euro development aid for Iran
BRUSSELS (Reuters) - The European Union agreed 18 million euros (£16.1 million) in aid for Iran on Thursday, including for the private sector, to help offset the impact of U.S. sanctions and salvage a 2015 deal that saw Tehran limit its nuclear ambitions.
The announcement is part of the bloc’s high-profile efforts to support the nuclear accord that President Donald Trump abandoned in May. It is part of a wider package of 50 million euros earmarked for Iran in the EU budget.
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Update #1: EU approves aid for Iran to help offset US sanctions (The Hill)
Update #2: Europe unveils financial aid package for Iran (UPI)
WNU Editor: The EU creation of an independent SWIFT banking system with Iran is the measure that will severely limit the impact of U.S. banking sanctions .... EU Sees Idea to Create 'Independent SWIFT' to Secure Iran Deal - Source (Sputnik). More here .... EU Might Back Proposal For SWIFT-Like Payment System With Iran (OilPrice.com).