Society 15:41 07/04/2020 Region

Iran's supreme leader approves tapping sovereign wealth fund to fight coronavirus

Iran’s Supreme Leader Ayatollah Ali Khamenei has approved the withdrawal of one billion euros from the country’s sovereign wealth fund to help fight the coronavirus epidemic, Reuters reported, citing President Hassan Rouhani’s official website.

Iran is the Middle Eastern country worst-affected so far by the coronavirus, with 3,739 deaths and 60,500 people infected as of Monday, official data showed.

Shut out of international capital markets and facing a further hit to its finances with the collapse in global oil prices coming on top of U.S. sanctions, Iran is struggling to shield its economy from the coronavirus pandemic.

Rouhani said in late March that the government was seeking approval for the withdrawal of the money from the sovereign wealth fund.

The money will be used for the needs of the health ministry and the unemployment insurance fund, the statement on the presidency website said, adding that Rouhani had thanked the supreme leader for his move.

The supreme leader is the highest authority in Iran.

Tensions have risen between Iran and the United States since 2018, when U.S. President Donald Trump exited a 2015 international agreement between Tehran and world powers and reimposed sanctions that have crippled Iran’s economy.

Iranian authorities, blaming U.S. sanctions for hampering Tehran’s efforts to curb the outbreak, have urged other countries and the United Nations to call on Washington to lift the sanctions. Washington has refused to ease the sanctions.



Source Panorama.am
Share |

Related news

Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:

Newsfeed

11:57
Spain busts drug smugglers using Ukrainian drones
Spanish police on Thursday said they had broken up a criminal network that used Ukrainian-made drones to fly hashish from Morocco to Spain,...
11:30
'I hate cancer': Alexis Ohanian undergoes preventative surgery
Serena Williams' husband Alexis Ohanian revealed he recently underwent surgery to remove 'suspicious nodules' in his thyroid that...
11:15
FIFA unveils nominees for The Best Player 2024
FIFA has unveiled the shortlist for The Best FIFA Men’s Player 2024, recognising the exceptional talents that illuminated football this...
11:00
Stepantsminda-Larsi road closed to all vehicles
The Stepantsminda-Larsi highway connecting Armenia and Russia via Georgia is closed to all vehicles as of Friday morning, the Armenian Interior...
17:06
Drivers not using winter tires will face fines in Armenia
The Armenian government decided to ban the use of passenger cars and cargo vehicles weighing up to 3.5 tons from November 15 to March 31 if...
16:36
Kocharyan expresses doubts about judicial independence in Armenia
Second Armenian President Robert Kocharyan expressed doubts about the independence of Armenia's judiciary after Supreme Judicial...
16:04
Israel-Hezbollah ceasefire unlikely to last long, expert says
The US-France-brokered ceasefire agreement between Israel and Lebanon's Hezbollah is unlikely to last long as the underlying sources of the...
15:30
Seoul blanketed by heaviest November snow in 100 years
Seoul has recorded its heaviest November snowfall since records began over a century ago in 1907, BBC News reported. The South Korean...
15:15
Belarusian leader comments on Armenia's absence from CSTO summit
Belarusian President Aleksandr Lukashenko commented on the absence of Armenia as he addressed a meeting of the CSTO Collective Security Council...
14:57
Armenia’s SJC fails to elect new chairman
Armenia's Supreme Judicial Council (SJC) failed to elect a new chairman at its meeting on Thursday. The judicial oversight body said in...
14:35
Baku summons Polish diplomat over Duda’s visit to Armenian-Azeri border
Polish Charge d'Affaires Michal Greczylo on Thursday was summoned to the Azerbaijani Foreign Ministry. The ministry raised protest...
14:00
Global coalition backs Artsakh Armenians' right to return home
A broad-based global coalition of faith-based and civil society organizations are endorsing a public call to establish an international...
13:35
More snow expected in Armenia on Thursday
More rain or snow is forecast for some parts of Armenia on Thursday. The upper parts of the capital Yerevan are also likely to see wet snow...
13:05
Armenian government approves 2.44 billion drams to co-finance community programs
The Armenian government has approved the allocation of around 2.44 billion drams to co-finance programs in Armenia's provinces. The...
12:36
Developments around Gyumri municipal council decisive, expert says
The ongoing developments surrounding the Gyumri City Council play a pivotal role, political analyst Stepan Danielyan claims. His comments...
12:00
Holy Lance to be brought out on November 30
The Armenian Apostolic Church will celebrate the Feast of the Apostles St. Thaddeus and St. Bartholomew on 30 November this year, the...
11:30
Armenia's Sofia Baghramyan wins World Cadet Chess Solving Championship
The World Cadet Chess Solving Championship was held in Montesilvano, Italy, on the sidelines of the World Cadet Chess Championship 2024....
11:15
Armenian, U.S. envoys meet in Washington
Armenian Ambassador to the U.S. Lilit Makunts on Wednesday had a meeting with U.S. Ambassador to Armenia Kristina Kvien at the...
11:00
Cher says upcoming album will 'probably' be her last
After supplying fans with nearly five decades of pop and dance anthems, Cher announced she may have one project left to release, Rolling...
17:02
Armenian foreign minister to travel to Finland
Armenian Foreign Minister Ararat Mirzoyan will pay a working visit to Finland on November 28-29. The meeting between Mirzoyan...
16:54
Armenia welcomes Israel-Lebanon ceasefire
The Armenian Foreign Ministry has welcomed the ceasefire agreement between Israel and Lebanon's Hezbollah. "Armenia welcomes the...
16:36
Expert says Armenia told to ask for EAEU summit to be held in St. Petersburg
Political technologist Armen Badalyan has dismissed the claims that Armenia independently decided to ask Russia to hold the upcoming meeting of...
16:03
Six arrested in London over links to Kurdish rebel group
Six people have been arrested by counter-terrorism police in London for suspected activity linked to the banned militant group, the Kurdistan...
15:45
Simon Abkarian's 'Electra' to hit the stage in Yerevan
Renowned French-Armenian actor and director Simon Abkarian’s play “Electre des bas-fonds” (Electra in the Underworld) will be...
15:11
Hayastan faction to discuss Gegham Nazaryan's further activities, fellow MP says
The opposition Hayastan faction in the Armenian parliament will discuss MP Gegham Nazaryan's further activities, his fellow MP...
14:45
Opposition MP criticizes Armenia's move to freeze CSTO membership
Opposition MP Artur Khachatryan deplored the decision to freeze Armenia's participation in the Russian-led Collective Security Treaty...
14:05
Ex-MP Armen Charchyan's probation period reduced
Armen Charchyan, a former MP and director of Izmirlian Medical Center, had his probation period reduced from three years to one....
13:34
Armenia's ruling party names pick for SJC member
Armenia's ruling Civil Contract party has picked Alexander Sirunyan as its candidate for a member of the Supreme Judicial Council (SJC)....
12:45
Georgia's ruling party picks ex-football player as presidential candidate
Georgia’s ruling party chose Mikheil Kavelashvili, a former soccer player and current lawmaker, to be their presidential candidate in the...
12:30
US seeks full control of Armenia, Russian intelligence says
The United States seeks to bring Armenia entirely to heel, Russia’s Foreign Intelligence Service (SVR) said in a statement seen by TASS....

Follow us and get updates!

Most popular articles

{"core.blocks.header.spell_message1":"Selected mistake: ","core.blocks.header.spell_message2":"Send a message about the mistake?"}