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development aid

EU agrees 18 million euro development aid for Iran

BRUSSELS: 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 US 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. The EU is working to maintain trade with Iran, which has…