EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirus

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EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirus
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The European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU's top diplomat said on Wednesday.

BRUSSELS - The European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU’s top diplomat said on Wednesday.

EU foreign policy chief Josep Borrell said the United States was preventing the International Monetary Fund from assisting Iran, the Middle Eastern country most affected by the coronavirus, adding that he regretted Washington’s position. “I regret that the Americans are, at this stage, opposing the International Monetary Fund from taking this decision. From a humanitarian point of view, this request should have been accepted,” he said.

U.S. President Donald Trump reimposed sanctions on Tehran’s petroleum exports in 2018 after withdrawing from the 2015 Iran nuclear deal between Tehran and six world powers. The European Union helped to negotiate the agreement.Reuters reported on April 15 that the United States opposed a massive IMF liquidity injection through issuance of new Special Drawing Rights, akin to a central bank making new money, that would have benefited Iran and other countries.

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