Brussels, Belgium—Defying US interests and sanctions, the European Commission has approved close to $21 million in aid to Iran.
This will be the first installment of a $58 million package.
“This new package will widen economic and sectorial relations in areas that are of direct benefit to our citizens,” said Federica Mogherini, the EU’s High Representative for Foreign Affairs and Security.
The funds will be distributed to both the private sector and public sectors. The funds allocated to the private sector will be distributed to promising Iranian SMEs (small and medium-sized enterprises); funds allocated to the public sector will target environmental and drug issues.