The European Commission adopted a support package for Iran. The package includes 18 million euros worth of projects (8-million-euro assistance to the private sector).
"The Commission today adopted a first package of €18 million for projects in support of sustainable economic and social development in the Islamic Republic of Iran, including €8 million assistance to the private sector," the European Commission's statement says.
According to the EU’s portal news, today's projects are the first of a wider package of €50 million for Iran.
On August 7, 2018, the European Union issued an updated Blocking Regulation – aiming to counter the effects of these re-imposed US sanctions on EU companies.
