Iran and Venezuela on Cooperation Road
Iran and Venezuela recently signed a 20-year agreement that sought to strengthen cooperation in a number of areas – though the focus of the agreement is on bolstering ties in the finance and energy sectors. The agreement will be closely watched by the West since both countries have been facing US sanctions and have repeatedly lashed out at western imperialism. While Venezuela and Iran share close ties with Russia and China, the agreement sends a strong message that the countries that are part of the Russia-China camp need to have an independent foreign policy and economic vision.
Read more