Following the expansion of economic and political relations between Tehran and Caracas, US President Barack Obama has demanded the Venezuelan government sever all ties with Iran.
“I think the government’s ties with Iran and Cuba have not benefited the interests of Venezuela and its people,” Obama said in the email interview with El Universal newspaper, Reuters reported.
Obama, however, claimed that the “US has no intention of intervening in Venezuela’s foreign relations.”
Iran has expanded bilateral relations with Latin America in recent years, especially in the commerce and industrial sectors.
To ease a chronic housing shortfall in Venezuela, the country has reached out to Tehran for construction as well as financing of homes for its citizens.
So far, Iranian companies have built over 10,000 housing units in Venezuela and the construction of another 7,000 homes is in the final stages.
Iran’s Minister of Road and Urban Development Ali Nikzad had said earlier that Tehran will soon sign a four-billion-dollar deal with Venezuela to build 17,000 dwellings in the Latin American country.
Establishing a Tehran-Caracas airline and construction of highways and rural roads will constitute the expansion of joint projects in the near future, Nikzad added.
Over the past five years, Iran and Venezuela have signed a number of memoranda of understanding and contracts for joint participation and investments in oil and gas projects.
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