Italy launches Invitalia to back companies to invest in Iran

In its budget bill, the Ministry of Economy and Finance introduced a solution, called Invitalia, for financing Italian companies planning to invest in Iran. Despite the unilateral US sanctions on Iran, Invitalia provides the companies with the necessary credit and insurance, Adnkronos News Agency reported.

The Italian government has taken the initiative to safeguard the existing agreements between Iran and Italy, and also support the companies that intend to invest in Iran.

According to the budget bill, limitations caused by the unilateral sanctions of certain countries on other countries will be lifted

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